Essential reading for retailers and suppliers in the home improvement market

Further Habitat closures in attempt to curb losses

Published: 16 October 2008
Bromley branch the latest in a line of stores axed by the furniture retailer in a bid revive its fortunes
Further Habitat closures in attempt to curb losses
Habitat is reportedly continuing with a programme of store closures as part of a review of the business. The UK furniture retailer has recently closed branches in Hammersmith and Kensington High Street.

The closures are part of a 'portfolio rationalisation', which the retailer announced last November.

Habitat posted a pre-tax loss of £10.9m in its financial year to March 2007 and closed stores in Southampton, retail outlet Bluewater, Batley in West Yorkshire, and Tunbridge Wells in Kent.

The company's management structure has also been somewhat unsteady with the departure of both UK country manager Ruth Dangerfield and chief executive Jens Nordahl in June.

Habitat has rolled-out a series of new format shops in Cambridge, North London, Cheltenham and Manchester. The company said that the new model has proved more successful and that the programme will continue across its portfolio.

Comments


(Your email address will not be published)
8 + 8 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories