Thursday, August 30, 2012
Struggling JJB Sports puts itself up for sale
Debt-mired JJB Sports put itself up for sale on Thursday and warned investors their shares may be worthless, placing the sports goods retailer at risk of becoming another big-name British retail casualty. Photo: JJB SportsThe company has been rocked by funding issues, falling sales and stiff competition as UK store chains battle weak consumer spending, muted wage growth and government austerity measures. . A string of household retail names including Woolworths and MFI have gone out of business
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment