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Thursday, May 10, 2012retailjob lossesbusinessuk

Retail timeline: 2012 high street casualties

6 January : Outdoors specialist Blacks Leisure, owner of 306 Blacks and Millets shops, collapses. Rival JD Sports buys the business from the administrators . So far it has closed more than 80 shops. 9 January : Lingerie chain La Senza, with 146 shops and 2,600 staff, goes bust . Sixty stores and 1,000 jobs saved when Kuwaiti retailer Alshaya buys part of the business. 16 January : Retro gift shop Past Times makes history . About 100 shops and 1,000 staff. 16 January : Budget fashion chain Peacocks calls in the administrators and has debts of £600m. It has 550 shops and nearly 10,000 employees. In February Edinburgh Woollen Mill bought two-thirds of the shops, but 3,100 staff have lost their jobs. 19 January : Pumpkin Patch, the upmarket children's clothing chain, pulls down the shutters , with 36 stores and 400 jobs. 16 March : Young fashion business Firetrap collapses into administration. Stores close but brand snapped up by Sports Direct. 6 March : Fashion chain Fenn Wright Manson folds , with 17 shops, 62 department store concessions and 350 staff. 26 March : Video game specialist Game collapses with 1,300 stores in Britain, Spain, France and Australia . Around 10,000 staff, with 5,500 in UK; 2,000 made redundant when 277 stores closed. Debts of £60m. 2 April : Budget women's fashion business Ellie Louise, which also operates under names such as Seconds Ahead and Trade Secret, folds, with 97 stores and 400 staff.

Source: The Guardian ↗

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