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Exclusive: Treds falls into administration

Footwear retailer Treds has fallen into administration, putting 165 jobs at risk, Drapers can reveal.

Ross Connock and Zelf Hussain of PwC were appointed as joint administrators on 29 January. 

The multi-brand retailer operates 21 stores across the UK and also sold online.

Its head office and warehouse are in Weymouth, Dorset. 

Connock said: “The business has faced similar challenges to those seen across the retail sector, including changing consumer behaviour and economic uncertainty. This has resulted in reduced revenues across the store portfolio. Despite the best efforts of management, there was unfortunately no alternative but to place the partnership into administration.

“All staff remain employed as normal, and we are continuing to trade the business in the coming days while we assess the trading strategy and explore any interest in the business”.

Owner Steve Kavanagh founded the business in December 1996. 

Readers' comments (1)

  • Yeah, keep buying the same shoe brands as everyone else on the high street and expect great results. We now live in an era where all the stores are buying the same stock and then compete against each other. At the point that more and more brands can't supply you because they have too many accounts in the UK. I know cause I tried without naming anyone in particular.
    But still, buyers want what everyone else has, partly because they aren't good at what they do, partly believing they will get their numbers and satisfy mgmt by selling known or don't have a system to successfully introduce new brands.
    No wonder more and more are going out of business.
    Be brave, offer your customers something different and explain them your products in more details and with more passion and you'll see the changes in your sales. Introduce your customers to the new and fresh footwear brands rather than them influencing you to stock the brands everyone else has. That can only work for a certain period before saturation kicks in, and bigger brick or click stores put you out of business.

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