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Stead and Simpson to close 90 stores | Stead and Simpson to close 90 stores |
(35 minutes later) | |
High street shoe retailer Stead and Simpson has confirmed it is to close 90 of its stores. | High street shoe retailer Stead and Simpson has confirmed it is to close 90 of its stores. |
The Leicester-based company went into administration in 2008 and was bought by Shoe Zone and the business currently has 227 branches across the UK. | The Leicester-based company went into administration in 2008 and was bought by Shoe Zone and the business currently has 227 branches across the UK. |
Shoe Zone said it had carried out a review of the network and unprofitable branches would be shut. | Shoe Zone said it had carried out a review of the network and unprofitable branches would be shut. |
The firm added it could not confirm the number of jobs affected but staff would be relocated where possible. | |
Shoe Zone director Naomi Shefford said: "The decision was not taken lightly to close these stores. | Shoe Zone director Naomi Shefford said: "The decision was not taken lightly to close these stores. |
"However, in locations where we have two stores on the same high street, or where stores were not profitable for us, we had to make a business decision to ensure the company continues to be successful. | "However, in locations where we have two stores on the same high street, or where stores were not profitable for us, we had to make a business decision to ensure the company continues to be successful. |
"We are pleased to confirm the remaining Stead & Simpson stores will continue to trade on a business as usual basis, along with the very successful e-commerce site." | "We are pleased to confirm the remaining Stead & Simpson stores will continue to trade on a business as usual basis, along with the very successful e-commerce site." |
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