Deathwatch - plug pulled on Bennetts stores
Is there a Bennetts superstore where you live? No? Now there never will be. Boo. The independent electrical retailer, which employed around 300 staff in 14 stores across the country, has gone into administration. Visitors to their website will only see a message from PKF (UK) LLP, the London-based administrators.
According to avid Bitterwallet reader Dave, the news wasn't entirely expected: "The local store manager there was standing outside a closed shop - at 2pm - and telling anyone who showed up that he wasn't sure if he'd have a job tomorrow."
Meanwhile, the Norwich Evening News suggests the business collapsed because of the widespread malaise in high street retail. One member of Bennett's staff is quoted as saying trade hadn't picked up since December's inclement weather, while the newspaper repeats the recent figures from the British Retail Consortium, that showed a worse-than-expected 0.4pc decrease in like-for-like sales for the high street as a whole, compared with February 2010.
TOPICS: High Street News