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The Bodycare chain is facing further store closures following its recent collapse into administration. A total of 30 additional stores are set to shut down, adding to the 32 already closed shops and the loss of 450 jobs that occurred when the retailer first entered administration on 5 September. With these new closures, a total of 685 employees will be affected by the company’s downfall.
Despite efforts to keep the business afloat by putting it up for sale, the administrators have announced the closure of another 14 stores on Tuesday and 16 more on Thursday. These closures are due to the lack of stock and the high costs associated with operating the stores, making it unsustainable to keep all 115 remaining stores in operation. The future of the 85 stores that are still open remains uncertain, as the administrators are in talks with potential buyers to secure the business’s continuity.
Nick Holloway, the joint administrator at Interpath, expressed gratitude towards the dedicated employees of Bodycare and emphasized the ongoing efforts to save as much of the business as possible. The company, founded in Lancashire in 1970, is known for its bright store layouts and diverse product offerings that include toiletries, cosmetics, and household items. However, with the challenging retail environment and rising rents, maintaining the stores has become increasingly difficult.
In line with the closures, the company provided a list of stores that are set to shut down on Tuesday and Thursday. These store closures signal the end of an era for Bodycare, as the chain grapples with financial difficulties and strives to navigate the challenges of the current economic climate
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