Shoe shops Barratts and PriceLess collapsed into administration today.
Barratts and PriceLess’s parent company, Stylo, has not gone under, but its shares were suspended today amid uncertainty over the firm’s financial position. Administrator Deloitte says that the 400 stores with the Barratts and PriceLess name remain open and continue to trade.
Barratts and PriceLess go under
Barratts and PriceLess join the growing wave of retailers that have collapsed due to the grim high street climate.
Last week saw the demise of electrical store Empire Direct, and furniture names Land of Leather and Sofa Workshop.
Shoe chains have been particularly hit in the economic downturn, with the credit crunch already having claimed Faith, Dolcis and Stead and Simpson as victims.
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