News: Comet and Staples close Rotherham stores
National retailers, Comet and Staples have both pulled the plug on their Rotherham outlets.
Electrical chain, Comet appointed administrators in November and as Deloitte failed to find a buyer, the Rotherham store at Parkgate Shopping closed this week. It was amongst the last of the 236 stores to do so.
Chris Farrington, joint administrator, said: "Despite significant efforts to find a buyer for all or parts of the business as a going concern, the administrators did not receive an acceptable offer and so unfortunately it has become necessary to close the remaining stores.
"Although we had discussions with a number of interested parties, the substantial working capital requirements to fund the business was a significant concern for these parties and was a key factor in preventing a deal being reached. We will now consider the options with regards other assets of the Company, including the brand and website.
"We wish to express our gratitude for the professionalism and dedication of all employees across the store network, head office and other support functions during what has clearly been a difficult period for them.
"We have put in place a series of support measures to help redundant workers find new employment, including establishing contact with more than 35 prospective employers and setting up a LinkedIn network through which many of these companies are advertising positions."
A special website will be launched and employment fairs around the country will take place in the New Year.
Big names including JJB Sports, HMV, Birthdays, Peacocks and Shutopia have left the retail park this year. Frankie & Benny's recently opened and Sports Direct has moved into a larger unit. The large Kiddicare unit is currently being fitted out.
At the Foundry Retail Park on Great Eastern Way at Parkgate, closing down signs have gone up at the Staples office products store.
In September, the American chain said that it would restructure its international operations, including plans to close 45 stores in Europe by the end of March 2013.
Staples is increasing investment in online and mobile capabilities to provide business customers with a differentiated multi-channel shopping experience.
Parkgate Shopping website
Images: Staples
Electrical chain, Comet appointed administrators in November and as Deloitte failed to find a buyer, the Rotherham store at Parkgate Shopping closed this week. It was amongst the last of the 236 stores to do so.
Chris Farrington, joint administrator, said: "Despite significant efforts to find a buyer for all or parts of the business as a going concern, the administrators did not receive an acceptable offer and so unfortunately it has become necessary to close the remaining stores.
"Although we had discussions with a number of interested parties, the substantial working capital requirements to fund the business was a significant concern for these parties and was a key factor in preventing a deal being reached. We will now consider the options with regards other assets of the Company, including the brand and website.
"We wish to express our gratitude for the professionalism and dedication of all employees across the store network, head office and other support functions during what has clearly been a difficult period for them.
"We have put in place a series of support measures to help redundant workers find new employment, including establishing contact with more than 35 prospective employers and setting up a LinkedIn network through which many of these companies are advertising positions."
A special website will be launched and employment fairs around the country will take place in the New Year.
Big names including JJB Sports, HMV, Birthdays, Peacocks and Shutopia have left the retail park this year. Frankie & Benny's recently opened and Sports Direct has moved into a larger unit. The large Kiddicare unit is currently being fitted out.
At the Foundry Retail Park on Great Eastern Way at Parkgate, closing down signs have gone up at the Staples office products store.
In September, the American chain said that it would restructure its international operations, including plans to close 45 stores in Europe by the end of March 2013.
Staples is increasing investment in online and mobile capabilities to provide business customers with a differentiated multi-channel shopping experience.
Parkgate Shopping website
Images: Staples
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