RETAILERS Warehouse, with stores in both Carmarthen and Llanelli and Oasis with their closest store located in Swansea are both facing administration amid the current UK lockdown protocol.
Following the announcement, Andy Barr, retail expert and co-founder of online price tracking website www.alertr.co.uk comments:
“Here are another two popular clothing retailers that join the long list of those expecting or already going into administration. It seems that despite the help from the government that has been offered to those struggling with the ramifications of the Covid-19 pandemic, it just isn’t enough to keep these particular companies afloat during lockdown.
“With the majority of Britons currently only leaving their homes for daily exercise or for food shopping, the purchase of summer wardrobe essentials is highly unlikely to be at the forefront of customers minds, especially as the notion of a summer holiday abroad isn’t looking great. That, coupled with the fact that so many are facing job losses and financial instability, means that high street retailers like Warehouse and Oasis, who were already struggling beforehand, are now facing the final curtain call.
“It will be interesting to see how the more traditionally popular brands like Topshop, H&M and River Island fare in the coming weeks. Can their large social media followings and younger target demographics keep them safe when it comes to their online offerings or could they ultimately be heading for a similar fate? Only time will tell.”
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