THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Jane Norman enters administration again
Image courtesy of Jane Norman

Fashion retailer Jane Norman has gone into administration for a second time in three years. The move puts 157 jobs at risk at the 24-strong chain of stores.

GENERAL MERCHANDISE

Jane Norman enters administration again

Fashion retailer Jane Norman has gone into administration for a second time in three years. The move puts 157 jobs at risk at the 24-strong chain of stores.

In a statement the company said it had called in restructuring firm Grant Thornton as it was no longer able to continue to support its loss-making UK and Ireland retail stores.

It added: "Like many retailers, we have seen extremely challenging conditions on the high street for several years in what is a very competitive sector in young fashion. While we have made every effort for a number of years to makes those stores work, that part of the business is no longer viable."

The administrators said they intend to continue trading the stores for as long as possible with a view to achieving the best outcome for all concerned. However, they warned that store closures are likely to be "inevitable".

Jane Norman previously fell into administration in 2011 although current owner Edinburgh Woollen Mill stepped in and bought a third of the stores.

Despite the impending store closures, it is understood that Edinburgh Woollen Mill will continue to sell the brand’s clothing online and in international concessions.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019