Tag: Habitat

TJ Hughes on verge of administration

TJ Hughes on verge of administration

Department store chain TJ Hughes has today revealed it is set to enter administration. The Liverpool-based store has more than 50 outlets across the UK and has a headcount of 4,000 – which are all at risk. The company said it will be appointing an administrator over the next week or so, unless a buyer [...]

June 28, 2011 | 0 Comments More
Carpetright profits hit by challenging conditions

Carpetright profits hit by challenging conditions

Carpetright has today added to the doom and gloom surrounding the retail sector by announcing a 70% fall in annual profits. The company blamed “very challenging trading conditions” after profits for the year to 30 April came in at £6.6 million – down from £22.3 million a year ago. Meanwhile, annual revenues were down 6% [...]

June 28, 2011 | 0 Comments More
Thorntons announces store closures

Thorntons announces store closures

Chocolate retailer Thorntons has today announced plans to close 120 stores over the next three years. The firm also said, as part of a strategic review of the business, a further 60 shops could close as it blamed challenging trading conditions for the latest measures. The announcement comes just one day after it was revealed [...]

June 28, 2011 | 0 Comments More
Jane Norman enters administration

Jane Norman enters administration

Fashion chain Jane Norman has gone into administration after failing to find a buyer. The retailer was forced to close its 90 UK stores this weekend and the news comes just a few days after it emerged that furniture chain Habitat is to be put into administration. Jane Norman is understood to have appointed American [...]

June 27, 2011 | 0 Comments More
Habitat stores enter administration

Habitat stores enter administration

Furniture chain Habitat is to be put into administration but three of its stores are to be bought by Home Retail Group (owner of Argos and Homebase). Home Retail Group is acquiring the rights to the Habitat brand in the UK and the Republic of Ireland. Administrators have been appointed for 30 of the outlets, [...]

June 24, 2011 | 0 Comments More