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Thorntons have announced they are downsizing
sleepyme
Posts: 922 Forumite
Just seen on the news that Thorntons are downsizing, with loads of job losses 
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This is getting quite scary now :xmastree: Organising and Money Saving for Christmas 2011 :xmastree:0
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I'm just watching the news and they said they are in trouble but didn't say they'd gone into administration - are you sure?0
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http://www.guardian.co.uk/business/2011/jun/28/thorntons-store-closures-retail-crisis
Says definately 120 stores to close, 60 more may be shuttered.0 -
Yikes. Habitat, Jane Norman, Focus Moben... it's never ending! Very sad for those people who will lose their jobs as a result of all this.0
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This is unbelievable. Every day, more gloom n doom.
More folk worried about their jobs :A Every moment is a gift. That's why we call it the present.!:A
Grocery Spend Weekly Challenge (Sat-Fri):£30.50/£400 -
Tesco will rule the world sooner that we think!0
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They are not officially going into administration they are "to halve its portfolio of 364 stores", whereas Jane Norman and Homeform have officially gone into administration. On the other hand it's not a good sign !0
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I've literally just been in one and was helped by 2 very lovely girls 0
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They haven't gone into administration, they are just closing up to 180 stores over the next few years as leases expire!
you should change the title & post OP!0 -
Thorntons on Tuesday confirmed it would close a minimum of 120 stores over the next three years “taking advantage of [its] lease expiry profile” after a strategic review of the struggling business concluded it could only sustain a reduced portfolio of between 180 and 200 stores.
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