Rapid loses half its staff as store prepares for closure
Published: 22 May 2017 - Jenny Wonnacott
After the Liverpool store went into administration earlier this month, more than half the employees at Rapid Discount Outlet have lost their jobs.
Rapid Discount Online was formed four years ago when Rapid Hardware went into administration
The shop has officially kicked off a closing down sale after administrators Duff & Phelps confirmed that they have yet to find a buyer. Of the approximate 50 staff members at the site, 28 have now lost their jobs, including Rapid's three directors.
A further 20 staff are still working at the Basnett Street store and, according to the administrators, will continue to do so until the closing down sale is completed.
Rapid Discount Outlet was formed in 2013 by the former owners of its predeccessor, Rapid Hardware.
In a statement last week, a Duff & Phelps spokesperson said: “The joint administrators are continuing to market the business and assets for sale and soliciting offers from interested parties. [Meanwhile] the administrators are working their way through the existing orders and will be in touch with customers directly in each case.”