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Mothercare UK latest in line of retailers to enter administration in 2019

The UK baby product business has announced plans to appoint administration.

A Mothercare store in Eastgate Retail Park, Bristol, as it has announced plans to put its UK retail business, which has 79 stores, into administration, putting hundreds of jobs at risk. (PA)
A Mothercare store in Eastgate Retail Park, Bristol, as it has announced plans to put its UK retail business, which has 79 stores, into administration, putting hundreds of jobs at risk. (PA)

By PA City Staff

Mothercare has become the latest UK retailer to feel the pressure of the recent downturn affecting the high street.

The baby product business has announced plans to appoint administrators for the UK retail arm after years of tumbling sales and periodic shop closures.

Last year, the company announced 55 store closures, but more could be on the cards unless the retailer secures a last-minute rescue deal.

Uncertainty among consumers and a drive towards online shopping has put pressure on Mothercare as well as lot of its neighbouring retailers.

According to auditing giant KPMG, 44 retail businesses entered administration in just the six months to September, including a number of high street stalwarts.

Here, the PA news agency looks at some of the key retailers which have gone bust or entered administration in 2019:

-LK Bennett

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(LK Bennett)

The fashion retailer was bought from administration in a rescue deal in April, but said it would close 10 stores with the loss of 110 jobs after a downturn in performance.

-Jack Wills

Jack Wills collapsed into administration in August before it was snapped up by retail tycoon Mike Ashley.

-Karen Millen

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(Nick Ansell/PA)

All Karen Millen and Coast’s 32 UK stores were closed in September after it slid into administration, although its online brand was saved by Boohoo.

-Links of London

The jewellery retailer is in the midst of an administration after a tumultuous spell under the ownership of Greek business Folli Follie, leaving its 35 stores and 350 jobs at risk.

-Supercuts/Regis

High street hairdressing chains Supercuts and Regis, which have 223 salons in total, are under threat after their owner fell into administration.

-Bonmarche

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(Jonathan Brady/PA)

The value retailer fell into administration last month, raising fears over the future of its 318 shops and 2,900 staff. It is currently searching for a buyer.

-Bathstore

Bathstore fell into administration in June, but 44 of the company’s stores were saved in a rescue deal with Homebase.

-Select

The fashion retailer fell into administration in May, before launching a CVA restructuring plan in June.

-Thomas Cook

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(Joe Giddens/PA)

The travel business was the most notable failure of the high street, collapsing with 800 stores, although 555 of these were saved by rival Hays Travel.

-Oddbins

The wine specialist closed a raft of stores after it fell into administration in February, the second time it had collapsed in around eight years.

-Debenhams

The department store chain entered administration in April as it sought to reduce its debt and start a major restructuring process, which would result in store closures.

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(Andrew Matthews/PA)

Meanwhile, there has also been raft of retailers forced into shutting shops and announcing major redundancies to cope with the changing retail landscape.

High street stalwart Marks & Spencer is in the midst of plans to close 100 stores to cut costs, while fellow retail giant Tesco announced plans to cut 4,500 jobs in August.

Elsewhere, Boots confirmed in June that it will close 200 stores in the UK in another blow for the high street.

In May, Sir Philip Green announced plans to shut 23 stores across the UK, including Topshop, Topman and Dorothy Perkins sites, in a move which hit 520 workers.

PA

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