150 jobs lost as Clas Ohlson pulls out of UK high street

Swedish home improvement chain Clas Ohlson is closing its UK store network, bar one, with the loss of 150 jobs. Stores in Manchester's Arndale, Liverpool's Clayton Square shopping centre, London, Kingston-upon-Thames, and St Albans will shut, although its Reading outlet will remain open. The company also announced it is closing its four high street stores in Germany, as the increase in online trading continues to affect the retail sector. Its closure plans will cost the firm around £18m. The strategy is an about turn for ... For the full story register now for free or login below...
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