In today’s InternetRetailing we’re reporting on a grim day for UK retail. More than 25,000 jobs are now at risk following the administration of Arcadia Group and the decision by Debenhams’ administrators to wind down the business following the end of discussions with JD Sports that might have led to its acquisition. We consider this in a multichannel context
Arcadia Group has called in the administrators overnight, putting about 13,000 jobs at risk.
The business, owned by Sir Philip Green and his family, continues to trade both online and in-store and says all commerce orders placed over the Black Friday weekend will be honoured. Its retail brands are now up for sale and administrators hope that buyers will be found quickly
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