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UK retailers in administration: timeline UK retailers in administration: timeline
(35 minutes later)
More than a dozen seemingly perpetual names on the high street have become casualties since the credit crunch took hold. More than a dozen high street names have become casualties since the credit crunch took hold.
JanuaryJanuary
Peacocks, which had 563 stores and 48 concessions, and parent company the Peacock Group, collapsed under a debt mountain in the biggest retail failure since Woolworths, placing 7,500 jobs in jeopardy. Peacocks, which had 563 stores and 48 concessions, and parent company the Peacock Group, collapsed under a mountain of debt in the biggest retail failure since Woolworths, placing 7,500 jobs at risk.
The children's clothing chain Pumpkin Patch went into administration with 400 jobs put at risk - 60 employees had already been made redundant and five of Pumpkin Patch's 36 UK stores closed, but administrator Deloitte said it intended to continue trading until "strategic options" had been explored. The children's clothing chain Pumpkin Patch went into administration with 400 jobs put at risk – 60 employees had already been made redundant and five of Pumpkin Patch's 36 UK stores closed, but administrator Deloitte said it aimed to continue trading until "strategic options" had been explored.
The month got worse with gift shop Past Times appointing administrators from KPMG to try to sell the business as a going concern. The retailer had already closed 46 stores, resulting in 507 redundancies. The month got worse with gift shop Past Times appointing administrators from KPMG to try to sell the business as a going concern. The retailer had already closed 46 stores, resulting in 507 redundancies.
Lingerie chain La Senza collapsed into administration in January too, triggering 1,300 redundancies and the closure of more than 100 outlets. Lingerie chain La Senza collapsed in January too, triggering 1,300 redundancies and the closure of more than 100 outlets.
It was a terrible start to the year with shoe chain Barratts also calling in administrators, who said a deal had been agreed to save most of its shoe chain but at the cost of some 680 jobs. It was a terrible start to the year with shoe chain Barratts also calling in administrators, who said a deal had been agreed to save most of its shoe chain but at the cost of 680 jobs.
MarchMarch
Administrators said almost half the stores run by collapsed retailer Game would close within a week, triggering 2,104 job losses.Administrators said almost half the stores run by collapsed retailer Game would close within a week, triggering 2,104 job losses.
AprilApril
Aquascutum, the 160-year-old high-end clothing company, fell into administration in April but the brand was kept alive in May after administrators sold the historic business and saved 100 jobs. Aquascutum, the 160-year-old high-end clothing company, fell into administration in April but the brand was kept alive in May after administrators sold the venerable business and saved 100 jobs.
April also saw nine Allied Carpets stores saved - the retailer once boasted more than 200 shops and 1,000 staff, but went bust for the third time in three years. Nine Allied Carpets stores were saved after the company went into administration – the retailer once boasted more than 200 shops and 1,000 staff, but went bust for the third time in three years.
MayMay
A month later administrators Zolfo Cooper announced the UK's biggest specialist cards retailer, Clinton Cards had fallen into administration with 397 of its stores sold to Ohio-based American Greetings.A month later administrators Zolfo Cooper announced the UK's biggest specialist cards retailer, Clinton Cards had fallen into administration with 397 of its stores sold to Ohio-based American Greetings.
JuneJune
Administrators Duff and Phelps were called in by department store Allders, which was established in 1862.Administrators Duff and Phelps were called in by department store Allders, which was established in 1862.
JulyJuly
Around 500 jobs were under threat after discount retailer Ethel Austin went into administration for the fourth time in as many years.Around 500 jobs were under threat after discount retailer Ethel Austin went into administration for the fourth time in as many years.
And health food company Julian Graves called in administrators, putting a question mark over more than 700 jobs.And health food company Julian Graves called in administrators, putting a question mark over more than 700 jobs.
OctoberOctober
Around 2,200 staff at JJB Sports were made redundant after administrators closed 133 stores and agreed to sell 20 remaining outlets to Mike Ashley's Sports Direct International.Around 2,200 staff at JJB Sports were made redundant after administrators closed 133 stores and agreed to sell 20 remaining outlets to Mike Ashley's Sports Direct International.