Deathwatch: JJB finally heading towards administration

15 September 2012

retail deathwatch JJB Sports could finally hurl itself over the retail finishing line over the next few days, before collapsing in a heap and throwing up all over its own shoes. Metaphorically speaking that is.

After weathering various financial storms and finally putting itself up for sale last month, it looks as though a pre-pack administration is on the cards, with Sports Direct looking most likely to snap up the tastiest shops in the 180-store chain.

Mike Ashley’s company are reportedly only interested in less than 50 stores, which would sadly lead to huge job losses – JJB has around 4,000 staff. The deal could also lead to the intervention of the Office of Fair Trading, who will be keen to see if Sports Direct will be taking too large a slice of the sporting goods pie.

Although Sports Direct are in pole position to seal the deal, the Independent are reporting that JD Sports and US chain Dick’s Sporting Goods are also showing an interest in some kind of deal. It should all play itself out over the next few days, but it looks as though the JJB Sports name could soon vanish from the high streets and retail parks of the UK…

TOPICS:   High Street News

4 comments

  • Idi A.
    If Gregg's started selling trackies and football shirts in XXXL they could mop up a LOT of sales in one go.
  • Wongaporkpies
    If this does happen, would the Government then like to then withdraw their comment unemployment has dropped. Mind you if they dont I would love to shove a huge shoe up their arse. Well in the case of JJB a Trainer not a shoe !
  • Dick
    > The deal could also lead to the intervention of the Office of Fair Trading, who will be keen to see if Sports Direct will be taking too large a slice of the sporting goods pie. I cannot see the problem here. Do either store selling sporting goods? Surely they are just leisure wear retailers, and so in competition with other quality giants such as Primark.
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