Store Twenty One news and archive

9,500 stores at risk of shutting down this year

London - Retail experts predict a total of 9,500 stores are likely to close down this year, a 30 percent increase on 2017 if the government moves forward with plans to increase business rates. Up to 26 stores could shut down for good each day this year, as difficult trading conditions and continue to take a toll on the high street. Business...

Retail

Store Twenty One admits defeat with the closure of remaining stores

Multiple efforts to save the financially unstable, Store Twenty One were halted this morning after the company entered into compulsory liquidation. The budget fashion chain’s remaining 122 stores were closed on Friday, resulting in the loss of 900 retail jobs. News of Store Twenty One’s compulsory liquidation comes as no surprise, as the company...

Business

Widen losses: what lied behind Store Twenty One’s delayed release

Pre-tax losses have gone up to 10 million pounds at Store Twenty One. The troubled fashion retailer has significantly delayed its financial release among reports of a potential administration. Market sources have recently pointed out that the struggling chain might appoint administrators following the company’s voluntary arrangement (CVA)...

Business

Store Twenty One starts stores closures after voting for CVA

Ailing value fashion chain Store Twenty One will soon start announcing the first closures after the executives accepted a company voluntary agreement or CVA as the only viable solution to rescue the remaining profitable stores. "After careful consideration the directors have taken the decisions as these represent the best option in terms of...

BusinessFeatured

Owners of Store Twenty One race to avoid administration

The owners of Welsh budget fashion chain Store Twenty One are at the race to find a lifeline for the business as an administrators' hearing gets closer. The hearing will be held in eight weeks. Amidst a wave of store closures and layoffs at the British high street – BHS and Austin Reeds are currently in the eye of the storm –, bosses at Store...

Fashion

Katie Price teams up with Store Twenty One

Value retailer, Store Twenty One is teaming up with model and TV personality Katie Price on her latest fashion venture, Katie’s Boutique. The new label comes on the back of her Day 22 fashion range, and adds to her other business ventures into publishing, equestrian and beauty. Katie’s Boutique will launch in four phases, beginning this month,...