JJB rescue plan could see 50 stores close

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The Independent Online

Sports retailer JJB is drawing up proposals to close more than 50 stores as part of a plan to save the company.

It must present its plans to its lender, Bank of Scotland, by 24 February and must implement them by the end of April. It is still considering other options which could include a Company Voluntary Arrangement with its landlords. One of its main rivals, JD Sports, is also in talks to buy the business.