This high-street retailer is in a mess. Like many others, in recent years it has had to battle against the big changes in people’s shopping habits.
Going up against the supermarkets and internet retailers is no easy task when you rent hundreds of expensive high street stores that are difficult to close. It’s virtually impossible to match their prices and hang on to your profits.
Its UK stores are losing money – £22m last year – which makes it ha7rd to pay the rent and interest bills. To make things worse, the company’s chief executive walked out a few months [...]
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