Thirty-three stores have been sold to Instore, the owner of Poundstretcher, and six stores to Belfast-based retailer Bedeck. Zavvi, formerly Virgin Megastore selling games, DVDs and music from outlets, went into administration in December, losing 3, jobs.
General Trading Company, the famous Chelsea London department store with three royal warrants, went into administration in July In the late 80s-early 90s, Principles was the ace upmarket standard-bearer for the Burton Group, but it is now stuck in the middle and recent trading has been patchy.
It has ceased trading although a buyer for the business is being sought. Kaupthing the now-nationalised Icelandic bank swapped the debt owed it by Mosaic for equity and became the majority owner of the company,now renamed Aurora. Jumpers, the store fashion chain with 40 Irish concessionswent into administration in August.
HMV bought the name and some of its best stores over summer. It is now to be broken up. Greenwoods Menswear, you know the traditional menswear store, went into administration and 87 of its 92 stores were bought by Harvest Fancy Hong Kong Ltd, with jobs.
It sells to-kill-for ladies fashion, perfumes, handbags etc and has a stand-alone store in Sloane Street and is stocked by a select number of other stores throughout the UK.
It operated mainly online, but had 14 stores of which one-half closed immediately. The previous owners of the group, Bowie Castlebank, had closed its dry cleaning operation and another photo-processing outlets will close an overall loss of 1, jobs.
Arcandor, again not British but German, became insolvent in June The UK chains continue to trade and are not themselves vulnerable, although new owners will be sought. Smallbone, homewares and furniture retailer, has been bought out of administration by Canburg.
Right Price Tiles, the Swansea-based company with 53 stores, went into administration at the end of January. Empire Stores, the oldest UK mail-order company, has been bought by Littlewoods, which took over its order book and current assets in Januaryclosing down all its operations, workers losing their jobs.
Its parent company, Youngsters, which also acts as a buying group for independent toy retailers, also went into administration.
ProCook, the kitchenwear chain that went bust last year and was resurrected by new owners, is to close its high street stores to concentrate upon its internet operation. Nevada Bob, the US golf specialist, saved 30 of its 37 European franchised stores by buying the UK company out of pre-pack administration.
Kwik-Save, the downmarket grocery chain, collapsed in July By Augustvirtually all the remaining stores had been closed. The UK operation was spun off from its US owners in and purchased in July by a management buy-out backed by Valco Capital an arm of Hilco the distressed retail specialists.
There were employees. The company was part of the Cranham Group. ProCook, the kitchen equipment and cookware retailer with 39 stores went into administration in July.
Floorsgo, the wood and laminate flooring company with branches, went into administration in July.
They set about improving the Woolworth business and buying new retail chains such as Superdrug and Comet and, as the Kingfisher Group, had become stock-exchange darlings by the late 80s.
We like shops and shopping, the people who work in retailing and are normally sympathetic to their objectives.
Methods and Independence The Centre is not an apologist for the retail industry. Radio and TV stations include: Partridge Fine Arts, the exclusive Bond-Street art dealer established inwent into administration in July.
Whittard continues to trade, but it is likely that Epic will consolidate Whittards with Past Times, another brand it owns. Since then it has been has been rapidly run down, with complaints of staff ill-treatment staff sacked by email etc and an illiberal policy about what could be stocked.
The company had been sold in August to Lagerinn also operates The Pier. It was bought from the administrator by the former directors of Mr Shoes. There were 6, employees, mostly part-time. Nevsport, a Scottish supplier of outdoor and snow sports equipment with 12 stores, went into administration in October.
It had been bought from Sports Direct two months previously by Reiss and Mucklow. Where a report is sponsored, we say so. FreshXpress, the grocery retailer that emerged from the ruins of KwikSave last year, has gone into administration.
Hornsea Freeport Village, the Yorkshire shopping centre with 43 stores, entered administration at the end of July, but is still operating.
It had asked its major backer, Arev linked to Icelandic private equity fund Kcaj for extra cash.You may have previously known us as Verdict Retail or Conlumino. We are now one company. We are GlobalData.
The Advance Monthly and Monthly Retail Trade Surveys (MARTS and MRTS), the Annual Retail Trade Survey (ARTS), and the Quarterly E-Commerce Report work together to produce the most comprehensive data available on retail economic activity in the United States. A growing body of research is giving us new ways to quantify the harms of bigness and the benefits of local ownership.
In this post, we round-up the important studies and provide the evidence that policymakers can use to craft better laws, business owners can use to rally support, and citizens can use to organize their communities.
LDC Market Reports. We publish a number of reports throughout the year to give you and our stakeholders a better understanding of their environment from a Retailer’s, Leisure Operator’s, Landlord’s, Investor’s, Local Government or Marketing and Media Agency’s point of view.