The Original Factory Shop (TOFS) is a Burnley-based discount department store which operates nearly 200 stores throughout the UK. Retail Week provides news, analysis, features and opinion about TOFS and the department stores sector.
The owner of Claire’s and The Original Factory Shop is set to place both retailers into administration, putting more than 2,000 jobs at risk.
Discount retailer The Original Factory Shop has named a new managing director.
The new owner of WHSmith’s high street stores cannot initiate widespread closures for at least 12 months, despite planning rapid restructuring at its other retail properties.
Owner Modella Capital is aiming to renegotiate rents at almost half of the company’s stores, according to a Sky News report.
After 233 years on the high street, news broke last week that WHSmith’s high street business has been sold to Modella Capital for £76m
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