• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics

Mothercare disappears from the high street after 59 years

Retail competitor Debenhams also confirmed that 19 of its stores across the UK will also shut their doors for good between January 11 to 19.

Ben Gelblum by Ben Gelblum
2020-01-12 18:02
in Business and Economics
FacebookTwitterLinkedinEmailWhatsapp

Collapsed retailer Mothercare disappeared from the high street on Sunday after decades in the business.

The health, beauty and baby product chain will see all 79 of its stores closed by Sunday, with 2,500 jobs lost across the country.

Since the start of December, Mothercare has slashed prices on products with special offers including a baby Stroller selling at £69.99, down from £334.95, with an antique wardrobe initially sold for £270 dropped by 70% to £81.00.

Customers were unable to access the company’s website but were urged to visit their nearest store for up to 80% off on other selected items, with 37 of the 79 still remaining open on Saturday.

After 59 years in the business, Mothercare went into administration last year after struggling to compete with online shopping.

In May 2018 it secured a Company Voluntary Arrangement (CVA) restructuring deal which it said would lead to the closure of just 50 stores and affect 800 jobs.

But after a struggle in keeping up with rent and cheaper competitors, the parent business announced in November 2019 it would file a notice to appoint administrators as it could no longer “satisfy the cash needs” to keep it afloat.

RelatedPosts

McDonald’s to pay France huge sum in tax fraud case

Real wages fall at record rate in UK

‘Strip club test’ suggests US recession could be imminent

Lloyds hands workers £1,000 bonus to ease cost-of-living worries

Meanwhile fellow retailer Debenhams confirmed that 19 of the 160 chains across the UK will also shut their doors for good between January 11 to 19.

A spokesman for the chain said that 660 job losses are expected.

The struggling clothing department store entered administration in April 2019 as it sought to reduce its debt and start a major restructuring process.

It announced last year that following the January store closures, further branches are expected to shut down in 2021 to bring it to a total of 50.

But details of the locations and when exactly this will happen have not been disclosed.

Here is the full list of Debenham stores shutting down and the dates they are due to close:

Altrincham, Greater Manchester – January 11

Birmingham, The Fort – January 11

Kirkcaldy, Fife – January 11

Walton-on-Thames, Surrey – January 11

Wandsworth, London – January 11

Wolverhampton – January 11

Chatham, Kent – January 15

Great Yarmouth, Norfolk – January 15

Slough, Berkshire – January 15

Stockton-on-Tees, Co Durham – January 15

Welwyn, Herfordshire – January 15

Witney, Oxfordshire – January 15

Ashford, Kent – January 19

Canterbury, Kent – January 19

Eastbourne, East Sussex – January 19

Folkestone, Kent – January 19

Southport, Merseyside – January 19

Southsea, Portsmouth – January 19

Wimbledon, London – January 19

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

‘Someone must take responsibility:’ Top Tory resigns after party loses both by-elections

Top 5 Black & White Films of All Time

Donald Trump warns of “terrible” outbreak in New Zealand after 9 new cases were recorded

British bees ‘flying less than half as much due to pesticides’

Boris Johnson told to ‘stop talking’ by BBC after rambling and waffling

On eve of budget, this letter outlines harsh realities of squeezed Britain to Phillip Hammond

Mind the gap…North south divide set to widen

Most women made to feel uncomfortable in public gyms, poll reveals

Here’s Why a Tablet Won’t Replace The Whiteboard Anytime Soon

After Millwall, dismissing BLM for its ‘politics’ is risible intellectual laziness

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.