Clinton Cards' jobs lost in NI

Published Wednesday, 23 May 2012
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Some 366 people across the UK will lose their jobs in the next few days in the first wave of store closures at collapsed retailer Clinton Cards, administrators have announced.

Clinton Cards' jobs lost in NI
Clinton Cards has become the latest casualty of the high street spending slump (© PA)

Four stores are shutting in Northern Ireland.

Three Birthdays stores will close their doors in Coleraine, Co Londonderry, Cookstown, Co Tyrone and Ballymena in Co Antrim.

One Clinton Cards store will shut in Belfast.

The group, which was the UK's biggest specialist cards retailer, collapsed into administration earlier this month after failing to find a buyer for all or parts of the business.

Administrator Zolfo Cooper said that the first 44 stores out of some 350 lined up for closure will shut before the end of May.

Peter Saville, joint administrator and partner at Zolfo Cooper, said: "We are fully aware of the impact these closures will have and are working with a number of relevant agencies and third parties to assist employees affected by the store closures."

The ailing high street retailer, which had 784 stores and employed more than 8,000 staff in total, collapsed into administration after its biggest supplier American Greetings called in a $35 million debt.

Card Factory, Clinton's biggest competitor with 596 stores, is also thought to have approached administrators.

Clinton has suffered dire trading in recent months as it comes up against stiff competition from supermarkets and online retailers such as Funky Pigeon and Moonpig.

 

 

 

© UTV News
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