Troubled Republic snatch back Twitter accounts from store staff
With the weaker members of the high street collapsing left right and centre, could there be further trouble ahead at the beleaguered clothing chain Republic?
Word is reaching us on the grapevine* that the company’s chairman, ex-Asda boss Andy Bond, has bought himself a one-way ticket to Anywhere But Republic after less than two years at the helm.
The same grapevine* tells us that store closures could be in the pipeline as well, grisly news for a company that saw an 86% slump in profits in the year to January 2012, a figure of just £3.7 million.
More eyebrows have been raised at the news that individual Republic store Twitter accounts have been closed down and replaced with a centrally-controlled one instead.
Perhaps someone high up had a look at HMV’s Twitter woes over last week and didn’t fancy a potential repeat. Watch this space for further Republic-flavoured developments…