Remaining five T J Hughes stores set to close
Administrator Ernst & Young has confirmed that the remaining TJ Hughes department stores will close by the end of the month after it failed to find a buyer. Wednesday, August 31 will be the last day of trading for the stores in Doncaster, Bradford, Sunderland, Lichfield and Wrexham. The latest spate of closures will result …
August 31, 2011
Floors-2-Go in pre-pack administration buyout
The Birmingham flooring firm has been acquired by a newly incorporated company headed by former Floors-2-Go directors David Vizor and Parjinder Sangha. It is the second time in three years that the firm has entered administration. Following the appointment of administrators Senate Recovery, 53 Floors-2-Go stores have been closed, resulting in the loss of 192 …
August 31, 2011
Retail staff left terrified by riots
BRC snapshot survey reveals more than 11,000 members of retail staff were affected by the violent disorder just over a fortnight ago, with some stuck inside shops when looters broke in. The survey also revealed that retailers affected by the riots lost more than 7,500 hours of trading. The sample for the snapshot was made …
August 31, 2011
Leekes to relocate to larger Coventry store
Furniture chain Leekes has agreed the terms of purchase to relocate its Bedworth store to a former Makro site on the Gallagher Business Park in Coventry. The move will substantially increase the retail space available, allowing the company to offer the full department store range seen in other Leekes stores. The retailer plans to install …
August 18, 2011
TJ Hughes announces closure of eight more stores
Failed department store set to shut another eight stores this month, including its Salford outlet, which was so badly damaged by recent rioting it could no longer continue trading. The move will make 474 TJ Hughes employees redundant. Closing down sales are already underway at seven of the stores, with the first closures set to …
August 18, 2011
Bentley brooms donated to clean-up effort
Bentley is offering a free broom to all those wanting to help clean up after last week’s devastating riots across the UK. The company has donated thousands of brooms, hand brushes and dustpans to those areas affected, available to pick up from Asda stores while stocks last. The participating stores are: Barking Perry Bar, Birmingham …
August 18, 2011
Statistics research: insolvencies in the second quarter 2011
Statistics showing insolvencies in the second quarter of 2011 were published on the 5th August 2011 by the Insolvency Service. Company insolvencies There were 4,233 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the second quarter of 2011 (on a seasonally adjusted basis). This was an increase of 2.7% on …
August 15, 2011
Banks contemplate sale of Robert Dyas
Robert Dyas board confirms that key shareholders Lloyd’s and Allied Irish are in discussions with corporate vendor advisory firms but that no sale will take place until next year. Robert Dyas told DIY Week that a sale of the company is “being contemplated” and that discussions have taken place with a number of corporate advisory …
August 10, 2011
John Lewis gears up for second half
Department store chain reports a slowdown in sales over past week but feels it is still in “good shape” as it heads into H2. As the weather improved and temperatures rose last week, John Lewis’ sales slackened to finish 1.2% up on the same seven-day period last year. The increase was behind the strike rate …
August 10, 2011
Final days of TJ Hughes stores announced
Administrators release dates for last day of trading for 22 TJ Hughes stores, putting 1,061 employees out of a job. Closing down sales will commence immediately at the affected stores, with the first, in Shrewsbury, set to close on Tuesday, August 10. Joint administrator Tom Jack said: “It is regrettable that we have had to …
August 10, 2011
