Sunday, December 11, 2011
Bleak Christmas for Barratts and Priceless
The owner of Barratts and Priceless in the UK has gone into administration putting thousands of employees’ jobs at risk. The Barratts Priceless Group, based in Bradford, employs 3,840 staff across hundreds of outlets in the UK. The Barratts Priceless Group has 191 Barratts and Priceless Shoes stores and also operates 371 concessions. Barratts and Priceless Shoes have faced a downturn in trading as a result of the difficult economic conditions exacerbated by an unseasonably mild weather causing fewer sales across new winter lines. Stores will continue to trade meantime whilst a new buyer is sought.