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Worldstores sells 500,000 products on its site and has two associate companies: Achica is a membership-based online luxury store selling furniture, homewares and accessories; Kiddicare is one of the does the post office sell love to shop vouchers largest nursery and children's goods suppliers, which was set up in 1974 before being acquired.Pykes, up-market family-run jewellers in Birkenhead, went into administration early in January after a disappointing Christmas, the growth of online retailing and the fluctuating price of metals.56 staff are still working at the company, whose future looks unpromising.It was closed the next day, all 56 staff being dismissed.Staff claim to have been unpaid for several weeks.82 stores and concessions will remain but 19 will be closed.The corporation is currently trying to shift.9 bn of debt placed on it by successive private equity buyouts and hedge funds and to reorganise the corporation.Manor Furniture, near Swindon, went into administration in November as a result of a slowing of trade and problems with their suppliers.Nkins Stores, operator of five general stores in the East Midlands, has gone into administration because of a downturn in trade affecting 198 employees.There are 2,000 staff.There are 59 stores which continue to trade.Ellie Louise, the women's fashion retailer that operates 97 stores under the names Budget Box, Gimbles, Seconds Ahead, Trade Secret, Happit and Ellie Louise, went into administration at the beginning little mermaid party favors gift bags of April.Formerly part of The Co-operative it lost a major corporate contract and suffered severe cash flow problems in 2014.Linasure paid off its debts in 2011 and avoided a winding-up order, but it is unclear whether it will be able to do so again.The good news (for Beales) is that its major landlord has already agreed and most stores operate at a profit.Shoon, the footwear retailer, went into administration in November, putting 95 jobs at risk and heavy losses for its suppliers.
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My Local closed 90 stores (1,658 staff) before the company entered administration and the remainder are likely to be bought from the administrators by other groups including the Co-op.