EMCC European Monitoring Centre on Change

Stylo

Company/Organisation:
Stylo

Geographic Location

Country: United Kingdom

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.72 - Retail sale of footwear and leather goods in specialised stores
Number Employed: 5500
Group: Barratt, PriceLess

Employment Effects

Announcement Date: 19-02-2009
Planned Job Reductions min: 2500
Planned Job Reductions max: 2500
Type of Restructuring: Closure
Employment Effect Start: 19-02-2009
Foreseen End Date: 28-02-2009
Direct Dismissals: 2500

Additional Information

Stylo, a retailer who owns the Barrat and PriceLess shoe retail chains, is to close 220 stores with the loss of 2,500 jobs. The company, which operated a total of 545 stores and employed 5,500 people, went into administration in January. 325 stores have been sold on which will retain 3,000 jobs. The remaining stores will be closed by the end of February 2009.