Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.1 - Retail sale in non-specialised stores

620 jobs
Number of planned job losses
Job loss
Announcement Date
14 April 2005
Employment effect (start)
Foreseen end date
31 May 2005

Description

More than 620 staff at the Gadget Shop were braced for redundancy after two bidders for the retailer walked away from a deal. PKF, which became the administrator of the collapsed chain in March 2005, said the potential buyers were concerned about retail spending and the supply of stock. The remaining 45 Gadget Shop outlets will shut before the end of May 2005, suffering the same fate as 10 that were closed by PKF in March 2005.


Sources

  • 15 April 2005: The Guardian

Citation

Eurofound (2005), Gadget Shop, Closure in United Kingdom, factsheet number 61397, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61397.