Tuesday, 28 June 2011

Women’s clothing chain Jane Norman closed all of its 90 stores across the country - including a branch in Queensgate Shopping Centre, Peterborough on Saturday (25 June).

Administrators Zolfo Cooper hopes to find a buyer for the stricken retailer, which sold clothes for women aged between 16 and 25.

The retailer, which also has around 100 concessions within department stores including Debenhams, is understood to have asked its landlords last week to defer its rent payments as its quarterly payments deadline loomed.

A spokesman for Queensgate Shopping Centre declined to comment on the future of the unit in the centre but confirmed the branch had not opened over the weekend.

The firm has been hit by the recession as well as the cost of raw materials such as cotton, which has soared in price.

It has also been hit by the rise in VAT from 17.5 per cent to 20 per cent in January.

No-one from Jane Norman or Zolfo Cooper was available for comment about the future of the city’s store




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