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...

Report

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)...

Report

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...

Management

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...