Embattled department store House of Fraser has appointed KPMG to advise on a restructuring plan for the business which could involve store closures and job losses.
Toys R Us will shut its final stores in just under two weeks, resulting in the loss of more than 2,000 jobs, the retailer’s administrators have confirmed.
A young flight enthusiast who saved for a year to buy a drone has been left heartbroken after a struggling shop lost his prized flying machine.
Fears are growing for the fate of 2,500 Maplin workers as hopes of finding a buyer for the stricken electronics chain fade and stores set to begin closing over the coming weeks.
The Gym Group is looking to muscle in on some of the shops left vacant by recent retail collapses such as Toys R Us, after reporting a second year of profits.
Administrators to collapsed electronics retailer Maplin have made 63 staff at the firm’s head offices redundant, as the fate of 2,500 more jobs hangs in the balance.
The John Lewis Partnership’s slump in profits and resulting decision to cut staff bonuses comes as retailers across the board struggle with volatile trading conditions and consumer confidence.
Retailer Carpetright saw shares tumble into the red after its second profits warning since Christmas as the crisis on the high street deepens.
Carpetright has warned it is set to swing to a full-year loss and said it has started talks with its lenders as the woes in the retail sector show no sign of letting up.
Sixty jobs are threatened in Northern Ireland after electronics store Maplin entered administration.
Electronics company Maplin has become the second retailer on the same day to collapse into administration, putting another 2,500 jobs at risk.