JJB Sports falls victim to UK downturn, 2,200 jobs go

LONDON - JJB Sports is closing the bulk of its stores with the loss of around 2,200 jobs, the latest British retailer to fall victim to a downturn in consumer spending after administrators found a buyer for only 20 of its shops. 2,200 jobs lostDebt-laden JJB said on Monday administrators KPMG had sold 20 stores to British retailer Sports Direct, controlled by Newcastle United soccer club owner Mike Ashley, in a 23.77 million pound ($38 million) deal that would save 550 jobs.However, despite

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