littlewoods is to make 3,200 employees redundant and close 126 high street Index chain stores whilst selling the remaining 33 Index propertys.
Index has made a loss every of its 20 year existence.
GUS will buy 33 of the Index stores which will be turned in to argos outlets.
source: BBC news
http://news.bbc.co.uk/1/hi/business/4453681.stm
another sad day for the retail sector
