270 jobs at risk as N Brown closes stores

The Courier & Advertiser (Angus and The Mearns Edition) - - BUSINESS -

Multi-brand re­tail group N Brown is set to close 20 stores, putting 270 jobs in doubt.

The group en­tered into con­sul­ta­tion with staff yes­ter­day, cit­ing the group’s on­line strat­egy and weak high street foot­fall for the move.

The con­sul­ta­tion con­cerns 12 dual brand Sim­ply Be and Ja­camo out­lets, as well as eight High and Mighty stores.

The com­pany ex­pects to in­cur a one­off cash cost of be­tween £18 mil­lion and £22 mil­lion if it closes all 20 stores.

An­gela Spindler, N Brown’s chief ex­ec­u­tive, said: “In line with our on­line strat­egy, and given con­tin­ued weak high street foot­fall, we have to­day com­menced a con­sul­ta­tion process with col­leagues over the fu­ture of our small store es­tate.”

Foot­fall is fall­ing

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