END OF AN ERA

Oasis and Warehouse shops to never reopen with the loss of 1,800 jobs

FASHION retailers Oasis and Warehouse stores won't reopen after the coronavirus lockdown is lifted putting more than 1,800 employees out of work. 

Administrators were unable to rescue the company behind the brands and blames the "extraordinary challenges" the pandemic has put on the retail industry.

Advertisement

⚠️ Read our coronavirus live blog for the latest news & updates

.

Advertisement
Oasis and Warehouse are owned by the same companyCredit: Alamy

The struggling retailer stopped trading online last Wednesday, even though it is allowed to under current lockdown rules.

It blamed the rising cost of fulfilling online orders and associated logistical challenges associated with the lockdown, such as implementing social-distancing rules.

Rob Harding, joint administrator at Deloitte, said: "COVID-19 has presented extraordinary challenges which have devastated the retail industry.

Advertisement

"It is with great sadness that we have to announce a sale of the business has not been possible and that we are announcing so many redundancies today.

"This is a very difficult time for the group’s employees and other key stakeholders and we will do everything we can to support them through this."

It's the latest victim on the high street that's fallen due to the pandemic's impact on the economy.

Most read in money

WHICH 'WICH?
I tested 12 festive sandwiches – winner was a hearty Christmas dinner under £4
TROLLEY DASH
Martin Lewis’ MSE issues message to Tesco shoppers ahead of crucial deadline
FESTIVE TIDING
Tesco brings back 80s Xmas treat as thrilled shoppers say 'I'm buying it'
WINTER WARMER
Exact age that pensioners get £100 extra winter fuel payment explained

Earlier this month, Cath Kidston announced that all 60 of its shops will remain closed after the lockdown is lifted, putting 900 workers out of a job.

Advertisement

Eleven Debenhams stores will also remain closed in the aftermath of the virus outbreak, with the loss of more than 700 jobs.

The department store is currently in administration for the second time in a year.

And fashion brand Laura Ashley has also gone bust, axing 2,700 members of staff from the payroll.

Give now to The Sun's NHS appeal

.

 

Advertisement
Debenhams falls into administration with 50 stores to close as part of deal to save the chain
Topics
Advertisement
machibet777.com