The Bankruptcies Of British Footwear And Other Retail Businesses Remain High.

As retail rents continue to rise, the "very large" number of large British retailers, including footwear companies, are in trouble.

"The industry is coming out of the gloomy Christmas and new year's trade shrinking season," said Nick Hood, an organization's external affairs leader, called Company Watch. During this period, despite the large discount sales, many famous companies claimed to have fallen.

In order to maintain the market share and fight hard, it has ended with a sharp fall in profits. In most cases, this failure has little to do with improving the financial situation of retailers. "

He said that the bankruptcy rate of retailers has been "high" in recent months. Since December 2011, 11 national chains are on the verge of some form of bankruptcy, threatening more than 1500 stores and affecting nearly 23000 retail jobs.

Two of the 11 chain stores are footwear companies Barratts Priceless and Shoon chain.

As retail rents continue to rise, the "very large" number of large British retailers, including footwear companies, are in trouble.

"The industry is coming out of the gloomy Christmas and new year's trade shrinking season," said Nick Hood, an organization's external affairs leader, called Company Watch. During this period, despite the large discount sales, many famous companies claimed to have fallen.

In order to maintain the market share and fight hard, it has ended with a sharp fall in profits. In most cases, this failure has little to do with improving the financial situation of retailers. "

He said that the bankruptcy rate of retailers has been "high" in recent months. Since December 2011, 11 national chains are on the verge of some form of bankruptcy, threatening more than 1500 stores and affecting nearly 23000 retail jobs.

Two of the 11 chain stores are footwear companies Barratts Priceless and Shoon chain.

Always in trouble

2011-12-22 reports that due to poor management, the footwear chain Barratts Priceless will close 18 stores tomorrow, including one in Scotland.

5 Barratts stores and 13 Priceless stores across the UK and Ireland will be on the verge of closure, resulting in 127 unemployed, and nearly 60 employees at headquarters in Bradford were fired for overstaffing.

The chain went into business earlier this month, making it difficult to cope with the bad weather.

This is the second time that such a situation has been encountered, but nearly 4000 employees have already entered management.

Yesterday, the manager Deloitte said he would take all or part of his business as a turning point and continue to operate as 173 other stores looking for buyers.

Barratt's Kilmarnock store is the only distributor in northern Border.