Essential reading for retailers and suppliers in the home improvement market

Textiles Direct enters administration, risking 300 jobs

Published: 4 April 2013
More than 300 employees at homewares retailer Textiles Direct are facing the possibility of redundancy after the Oldham-based business was placed into administration this week.
Textiles Direct enters administration, risking 300 jobs
The retailer expressed the intention to appoint administrators last month after seeing sales slide by 20% over the last year. Insolvency specialist firm Lucas Johnson is looking after the 52-store chain, and has said the business will continue to trade while a buyer is sought.

Despite this, five stores have been earmarked for immediate closure, including one in Belle Vale, Liverpool, with staff being made redundant. It has been reported that a number of redundancies are planned for the firm's head office.

Kevin Lucas, of Lucas Johnson, said the administration was largely down to the "unprecedented decline in turnover" over the past 12 months.

He added that the firm are hopeful a suitable buyer will be found, but admitted that if this does not happen, Textiles Direct will face closure.

The retailer's website is operated by a separate company so remains unaffected by the administration.

Textiles Direct was founded in Liverpool more than 25 years ago. In its heyday, it had 75 stores and employed more than 400 people. In 2010 the firm was forced to restructure, closing more than 20 of its stores and cutting staff numbers to around 300.


(Your email address will not be published)
5 + 4 =  
Already Registered?
Sign In
Not Yet Registered?
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

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