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More than 1000 retailers go bust in past year as downturn bites

The Telegraph (Free subscription) | 30/11/2008

... had either collapsed or shut up shop, including home furnishing chains Rosebys, SCS, Ilva and Floors-2-Go.Many economists fear that last week's announcement by Alistair Darling to cut VAT from 17.5 per cent to 15 per cent will not be enough to help retailers, many of whom have resorted to drastic price cuts in an attempt to win over customers.Despite the cuts being the deepest pre-Christmas...

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Homebase head office jobs at risk

The Telegraph (Free subscription) | 03/11/2008

... for Kingfisher to take advantage of the weakness of UK rivals, such as privately owned MFI and Floors-2-Go, both of which have been closing stores. "If you lose 90 MFI stores, that's about 5pc to 7pc of the kitchen market in the UK. That's got to be an opportunity for us. We are going to be pretty proactive and we're being reasonably aggressive in some of those markets," he said. Mr Cheshire...