Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Non-specialised retail sale
47.12 - Other non-specialised retail sale

150 jobs
Number of planned job losses
Job loss
Announcement Date
7 December 2018
Employment effect (start)
Foreseen end date

Description

General household retailer Clas Ohlson has confirmed that it will close five UK stores, leaving only its site in Reading operational. The move is part of a plan to close stores across the UK and in Germany as the business intends to focus more on its online sales. A spokesperson for the company commented that moving the greater part of the business online was a response to changes in customer behaviour. The closures will result in the loss of approximately 150 jobs. It is not known when the closures will take effect.


Sources

Citation

Eurofound (2018), Clas Ohlson, Closure in United Kingdom, factsheet number 96262, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96262.