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Another Retail Shoe Drops

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Women's fashion store chain Select Retail has gone into administration, but half the 250 stores have already been sold to a management buy-out team.

Administrators UHY Hacker Young said the sale secured the full-time employment of approximately 1,000 members of staff.

UHY Hacker Young added that the remaining Select stores would stay open in an attempt to find a buyer.

A number of potential suitors have already expressed an interest.

Select blamed the move into administration on a "deteriorating trading performance" since the start of the year.

The company is based in Hertfordshire.

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some of the smaller retailers are getting nailed.quite who is buying next shares at tehse lofty levels I don't know.

Next is down to 13 quid from 22 a few weeks ago.

Not the shop it used to be - lost its edge a couple of years ago. The only think worth buying in Next nowadays is the socks.

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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