A chain of electrical stores under the Comet name is to be launched in a bid to fill the gap in the market left by the now-defunct retailer.
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Tuesday 28 June 2011
Hundreds of high street jobs were lost or put at risk today as the tally of retail failures mounted and more firms signalled plans to shut stores.
Thursday 26 May 2011
The chairman of JJB Sports has warned it could take up to five years to turn around the beleaguered sports equipment retailer as it posted full-year losses of £181m.
Monday 23 May 2011
Thursday 07 April 2011
Struggling JJB Sports is to tap investors for £65m in an attempt to stabilise its precarious financial position.
Wednesday 23 March 2011
JJB Sports, the troubled sportswear retailer, lived to fight another day yesterday after creditors approved an insolvency procedure to safeguard its immediate future by shedding up to 89 stores and slashing its rent bill.
Monday 21 March 2011
JJB Sports received a boost over the weekend when one of the troubled sportswear retailer's landlords said it would vote in favour of its controversial insolvency procedure tomorrow.
Wednesday 16 March 2011
Saturday 12 March 2011
Another potential lifeline for the beleaguered JJB Sports disappeared yesterday when its rival high-street retailer, JD Sports Fashion, announced it was no longer interested in making a bid for the company.
Thursday 10 March 2011
Sports Direct was given a clean bill of health by the Serious Fraud Office (SFO) yesterday, marking the latest inquiry to be dropped against the sportswear retailer.
Saturday 26 February 2011
JJB Sports submitted a final draft of its restructuring plan to its lender, Bank of Scotland, yesterday.
Thursday 24 February 2011
Outlook Another day, another door slams in the face of JJB Sports, the troubled retailer. To avoid going into administration, JJB needs to persuade 75 per cent of its creditors, mostly landlords, to back a company voluntary arrangement (CVA) that would see it close as many as 95 shops and renegotiate rents on the remaining 150. Yesterday, after weeks of off-the-record sniping from landlords, one of them, Capital Shopping Centres (CSC), went public: it intends to vote against the CVA.
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