31/10/2003

300 jobs under threat at two leading retailers

The future of two of Northern Ireland's leading electrical stores is in doubt after Shop Electric and Electricworld went into administration today.

The move will see the closure of 35 stores, and leaves 300 jobs under threat. Both stores, owned by Gateshead-based Northern Electric Retail, are believed to have suffered "competitive pressures and squeezed margins" which was unlikely to change in the run-up to Christmas.

It is believed that a number of retail stores may have to be sold, however a decision is expected early next week on whether to re-open the remainder for business.

(MB)

Related Northern Ireland News Stories
Click here for the latest headlines.

14 September 2021
Agio To Create 100 New Jobs At Belfast Technology Centre
Agio, a New York-based IT and Cybersecurity services provider, have announced that they are to establish a new technology centre in Belfast with the creation of 100 new jobs.
08 September 2021
US Legal Firm To Create Almost 80 New Jobs In Belfast
US legal firm Ogletree Deakins has announced that it is to establish a new legal support centre in Northern Ireland, creating almost 80 new jobs. The firm is one of the largest labour, employment and immigration law firms in the US, with 53 offices located throughout the US, and in Europe, Canada and Mexico.
01 September 2021
120 New Manufacturing Jobs Announced In Belfast
One hundred and twenty new jobs are to be created by Australian manufacturing firm, Tribe Technology. Based in Perth, Australia, Tribe Technology designs, manufactures and sells Autonomous drill rigs to the minerals industry. It is opening a new design and manufacturing facility at Enterprise Way Mallusk.
24 September 2021
Danske Bank To Create 45 New Jobs
Danske Bank has announced the creation of 45 new customer focused jobs across its Northern Ireland branch network and customer protection centres. The new Trainee Personal Bankers will help customers with transactions and queries face-to-face in our branches.
20 August 2021
Lidl Northern Ireland Set To Open New £5m Store In Newry
Lidl Northern Ireland is set to open a new £5 million store in Newry, with online "fitness guru" and Newry native Maeve Madden to officially unveil the new look store when it opens on Thursday 26 August.