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DE Shoes puts branches up for sale DE Shoes puts branches up for sale
(about 9 hours later)
A Dundee shoe chain has put its branches in Scotland up for sale after falling victim to the economic hardships of the high street.A Dundee shoe chain has put its branches in Scotland up for sale after falling victim to the economic hardships of the high street.
DE Shoes said it would consider selling its stores individually, or en-bloc as a going concern.DE Shoes said it would consider selling its stores individually, or en-bloc as a going concern.
The firm is already seeking volunteers for redundancy at its 31 branches across the country as it seeks to avoid going bust. The 146-year-old family-run company employs more than 200 people and has 31 branches across the country.
The 146-year-old family-run company employs more than 200 people. DE Shoes added that since its troubles had become known, footfall had increased.
DE Shoes added that since its troubles had become known, footfall had increased as customers tried to show support for local shops. It suggested customers were trying to show support for local shops.
Managing director Robert Sinclair said that there was "a great opportunity" for prospective investors to save the 31 outlets.Managing director Robert Sinclair said that there was "a great opportunity" for prospective investors to save the 31 outlets.
Mr Sinclair also stressed that a 90 day consultation with staff about the company's future was continuing.Mr Sinclair also stressed that a 90 day consultation with staff about the company's future was continuing.