The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Thursday, 19 February 2009

JJB job losses

by Paul Foster
Local Manager for Wigan & Trafford

JJB have announced over 400 job losses today after appointing administrators KPMG to their lifestyle division - that's the Qube and Original Shoe Co. stores - of which, 46 will be closing.

It's unfortunate news but not unexpected. JJB have been granted time to sort out their finances and are taking action amidst extremely tough trading conditions to address the loss-making elements of the business. The whole sports retail sector is currently underperforming but as a result of this move hopefully JJB can find a way forward and build on a strong and well-established reputation in the local area and across the country.

No comments:

Post a Comment