As we watched companies like Woolworth’s and MFI go into administration before the Christmas holidays, news about struggling retailers is emerging going into 2009. Retailers are waiting for sales figures from the late spenders before Christmas and the sales. Other well known retailers who have joined the casualty list are:
Music giants Zavvi, thousands of jobs are threatened as they go into administration. They have been affected by the collapse of its main supplier Woolworth’s. Some 2500 employees are awaiting news as to whether their jobs are secure.
The tea and coffee specialist Whittard fell into administration this week, they were rescued and sold to a private equity company EIPC. Whittard have 130 stores in the UK employing 1000 staff.
UK childrens wear retailer Adams have also applied for administration, Adams has 260 UK outlets and 130 internationally employing 2000 people.
Retail analysts at insolvency experts Begbies Traynor have claimed up to 15 high street retailers could go under before the end of January.
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