Jobs under threat at Corby store as Brantano enters administration
Six employees face an uncertain future after a well-known shoe seller entered administration.
Brantano Retail Limited called in the administrators today (Wednesday) after facing ‘difficult trading conditions’.
Tony Barrell, lead administrator at PwC, said: “Despite significant improvements in the business and reductions in the cost base, trading has continued to suffer in a depressed and competitive footwear market.
“Like many other retailers, Brantano has also been hit hard by the sharp decline in sterling, the ongoing shift in consumer shopping habits and the evolution of the UK retail environment.
“The administrators are continuing to trade the business as normal whilst assessing the trading strategy and any interest in parts of the business over the coming days and weeks.
“However, regrettably, it is inevitable that there will be redundancies.
“Staff will be paid their arrears of wages and salaries, and will continue to be paid for their work while the business is in administration.”
There are six staff members affected by news, with 17 affected at the store in St James Retail Park in Northampton.