×
144
Fashion Jobs
BIMBA Y LOLA
Sales Assistant
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant
Permanent · LONDON
PINK PANTY
Web Manager
Permanent · LONDON
TK MAXX
District Loss Prevention Manager
Permanent · Warsaw
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
KIMAI
Marketing Manager
Permanent · LONDON
MICHAEL KORS (UK) LIMITED
Ecommerce Operations Manager, Emea
Permanent · London
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
MAJE
Sales Assistant, Full Time - Canary Wharf, London
Fixed-term · LONDRES
NIKE
Nike Temporary Part Time Athlete (Sales Associate)
Fixed-term · Loanhead
NIKE
Nike Part Time Athlete (Sales Associate)
Permanent · Tillicoultry
THE POSITIVE COMPANY
Journalism And Content Internship
Internship · LONDON
LONE DESIGN CLUB
Creative Store/Set Design, Visual Merchandising Internship
Internship · LONDON
MONCLER
Store Manager London
Permanent · LONDRES
NIKE
Nike Temporary Part Time Athlete (Sales Associate)
Fixed-term · Banbridge
NIKE
Nike Coach (Department Manager)
Permanent · Banbridge
KHLOÉNOVA
Virtual Marketing Rep
Internship · LONDON
GUESS UK
Assistant Manager - Icon o2
Permanent · LONDON

TJ Hughes to appoint outlet division administrators

Published
Feb 24, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Discount department store chain TJ Hughes is ready to appoint administrators for its outlet business with a report at the weekend saying eight stores will be included in the filing. The move will represent a “small number” of the firm’s total stores across the UK.


The outlet arm of TJ Hughes will be appointing administrators



In a statement regarding the outlet division, the company said: “We are extremely saddened by the need to take this decision, and it hasn’t been taken lightly. However, the retail world is changing quickly, and it is necessary for our business to evolve.

It’s believed to be in wider talks with landlords and added that “we need to embrace this change to ensure our remaining businesses can grow strongly, at the same time we have to have the correct cost base, which is why we have to work very hard on our landlord relationships”.

As a result of its current actions, it thinks “the group will be on a far sounder footing and able to further protect its remaining businesses by being able to explore other strategic acquisitions, which will bolster the strength of the group, save jobs and provide greater security for the remaining group.”

TJ Hughes has had a troubled history and collapsed into administration back in 2011. It was bought out of administration by its current owners.

But as recently as late 2018, it had been upbeat, the Liverpool-based firm having swung back into profit and saying it was ready to take advantage of market opportunities following the collapse of some of its rivals. Its pre-tax profits had reached to £1.37 million for the year to January 31 2018, compared with a pre-tax loss of £0.71 million a year earlier. It’s hard to tell how it has done since with no full-year accounts having been filed yet.

Copyright © 2020 FashionNetwork.com All rights reserved.