Broken Back

women's fashion retailers Oasis and Warehouse are expected to appoint administrators soon, putting 2,300 jobs At Risk .

the owner of The High -Street brands, the Icelandic Kaupthing bank, had to sell in talks to the company prior to the coronavirus crisis.

But The Crisis , which has seen many shops temporarily knocked the legs out from under the sale.

The Fashion retailer is expected to appoint Deloitte as administrators.

It is expected to buy the interest of the tenderers to The Business , a source said, but with the current economic uncertainty, it is not clear how many jobs could ultimately be saved.

starts After administration, Deloitte expects that holiday, many of The Employees who retain their Job under the government of Coronavirus Job Retention System.

The Chains were forced to close its 90 UK stores, because of the coronavirus lockdown.

The Group also has 437 concessions in Department stores such as Debenhams and Selfridges.

High Street retailers in the UK have been facing a difficult environment before The Crisis , rising costs and changes in the people, the shopping habits

But the temporary closure of many shops due to the Corona Virus pandemic has trade heaped more pressure on the tray.

Independent retail expert, Clare Bailey said retailers had already caved in under pressure for The Last two or three years, because of the uncertainty and its effect on consumer confidence.

"[Coronavirus] was The Last straw of all the straws that broke the camel's already Broken Back ," She Said .

Some retailers, such as Primark decided to cancel contracts with their suppliers.

Meanwhile, fashion retailer New Look recently informed its suppliers that payment for the shares, which are already sitting in the stores or the distribution Center has been delayed "indefinitely".

last week, the Department Store chain Debenhams, has about 22,000 employees, confirmed it management had entered for The Second Time In a year.

the 142 British stores remain closed, in accordance with the government advice and the company said it will work to "re-open and trading as many shops as possible when restrictions end.

At the same time, floral fashion firm Cath Kidston filed for administration, putting 950 jobs At Risk .

Source of news: bbc.com