High street fashion outlet Coast entered administration last night, leading to the closure of 24 stores, including one on London's Oxford Street.
300 jobs are now at risk - another 600 had worked with the firm, but will be transferred to fellow retailer Karen Millen, which is also owned by the former eventual owners of Coast. The 'High Street' is having one of its worse years on record a combination of competition from the Internet, increased rent an rates and a decline in consumer confidence pre-BREXIT.
Image: Coast, latest retailer to fail.
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Friday 12 October, 2018
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