49 jobs to go at JJB sportswear shops in Leicester
Forty-nine people have lost their jobs after JJB Sports closed stores yesterday.
Outlets in Humberstone Gate, Leicester, and at Fosse Park were among 133 UK stores shut after the group went into administration.
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Two remaining employees in Leicestershire will help administrator KPMG close the stores.
JJB sold 20 stores to rival Sports Direct International.
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David McCorquodale, corporate finance partner at KPMG, who led the sale process, said: "Unfortunately, the level of cash and further operational restructuring required to rescue a more substantial part of the business was too much risk for most interested parties."
Sarah Harrison, city centre director, said: "We are really sad whenever any business is going, especially when it comes to job losses.
"We have had a surge of openings in the city centre recently and are looking forward to the Silver Arcade opening soon so hopefully JJB staff will be able to find jobs elsewhere in the city because of the opportunities that are being created."
Comments
by Bob491
Saturday, October 06 2012, 9:53PM
“Did I hear correctly that the Con man Cameron will fight the next election on the battle cry:
Recession, recession, recession!”
by 4_Stroke
Wednesday, October 03 2012, 4:51PM
“llamalamb.. the Olympic miracle should have delivered a lot of things, but it hasn't, and never will. Unfortunately JJB is a result of the directors taking their eye off the ball. Retail industry has evolved beyond all recognition and their overpriced store was doomed without modern leadership. Change with the times or go to the wall.”
by llamalamb
Wednesday, October 03 2012, 12:31PM
“So much for Cameron's promises that the private sector would provide jobs for all under his regime. The private sector is going down the pan thanks to his and Osborne's financial mismanagement. The Olympic miracle should have increased sportswear sales or am I missing something.”