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Re: House of Fraser in trouble...
Quote:
Quote from thisismoney:
Shares in a raft of British retailers plunged into the red today after it was revealed that Carpetright could shut stores and slash staff as part of a deal with creditors.
The Press Association reported that the floorings retailer - whose shares were 17 per cent down at 46.4p - is considering a company voluntary arrangement, which would allow to it to close loss-making outlets and slash rents on those it retains.
The news rebounded badly on Mothercare, which is also closing stores to cut costs and stay afloat, and traders hit the sell button to send its shares down 18 per cent to 15.1p.
Retailers across the board fell into the red as fears for the state of the British high street combined with wider market woes.
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This and record increases in parking charges don't bode well for the future of the highstreet.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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