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It was announced today that for the second time, high street shoe retailers Barratt’s is to go into administration, putting nearly 4000 jobs at risk.
The first time their owners went into administration they had to reduce the number of stores by 220 from 380. In total the brand has 191 stores throughout the UK on the high street and in malls, it also own the Priceless Shoes brand.
The Bradford based firm blamed the tough economic trading conditions for it’s further difficulties.
The first time their owners went into administration they had to reduce the number of stores by 220 from 380. In total the brand has 191 stores throughout the UK on the high street and in malls, it also own the Priceless Shoes brand.
The Bradford based firm blamed the tough economic trading conditions for it’s further difficulties.
Administrators Deloitte said that they were “working closely with suppliers to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors”.
One wonders when the assault on the high street will ease off. Barratts joins a long list of businesses that are either in administration or have fallen prey completely to some of the worst financial and economic conditions since the Great Depression.
High street chains provide tens of thousands of jobs. Something needs to be done to help the high street remain a viable shopping option. There are too many towns home to baron, once-bustling town centers.
