Overview
- The footwear chain is running an “everything must go” clearance with discounts of up to half price at outlets not sold with the brand.
- Thirty-three stores and nine concessions remain under administrator control and are anticipated to trade only until about May as stock is sold.
- The company entered administration in January after years of losses tied to weak demand and rising costs since 2019.
- Next bought the business on January 21st and kept the Chelsea, Mayfair and Bluewater shops open, transferring 40 staff while about 320 others remain at risk and a report cites 34 head office redundancies.
- Administrators say they will keep the remaining sites open as long as possible while they assess options, a common step in UK retail insolvencies where stock is cleared and only prime assets are retained.