Future uncertain for Barratts in NI
Published Sunday, 27 October 2013
The future of 15 high street Barratts shoe shops in Northern Ireland is uncertain, after reports emerged that the company may be seeking an emergency loan to pay for Christmas stock.
Barratts store in Belfast city centre on Sunday. (© UTV)
Barratts has been experiencing difficulties for a while. In December 2011, two stores were closed in Strabane and Belfast.
Administrators are still trying to find a buyer for the 173 stores which remain open across the UK.
Donald McFetridge, retail analyst at the University of Ulster, said: "The impact of this is not going to be very good leading up to the Christmas period.
"Obviously it's bad news for people who are still employed in the Barratts outlets which remain open, for jobs are obviously at risk in a very volatile retail sector both here and nationally."
© UTV News