9th Jan 2015 06:43
LONDON (Alliance News) - Sports Direct International PLC is understood to be planning to close a swathe of USC fashion stores across the UK, The Daily Telegraph reported on Thursday.
The directors of USC, led by Sports Direct Chief Executive Dave Forsey, have filed a notice of intention to place USC into administration, the paper said, putting around 1,000 jobs at risk. It is believed the move would result in around a third of the worst-performing USC stores being closed.
The troubles for USC comes in the wake of the collapse of Bank Fashion Ltd, the fashion retailer formerly owned by JD Sports Fashion PLC.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11331385/Hundreds-of-jobs-at-risk-as-Mike-Ashleys-prepares-to-close-USC-stores.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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