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Following the collapse of TJ Hughes; we bring to you: update on store closures and highlights of the administration
 • 11/08/11 – TJ Hughes closed its Salford store after looters vandalised property and stole goods and TJ Hughes in Middlesbrough, Preston, Southend, Bristol, Kings Lynn, Newport, Ipswich and Maidstone will also all shut down between August 16th and 18th, resulting in the loss of 474 jobs
• 10/08/11 - Some 134 retail jobs were secured after the administrators announced that they have sold another two of the company’s stores (Widnes & Newcastle) to Lewis’s Home Retail
• 04/08/11 – TJ Hughes will close 22 stores by the end of 14th August resulting in the loss of 1,061 jobs
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Store Locations |
Last day of trading |
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Shrewsbury |
August 10th 2011 |
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Birkenhead, Dumfries, Dundee, Rochdale, Widnes, Wolverhampton |
August 11th 2011 |
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Stretford |
August 13th 2011 |
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Bolton, Boscombe, Burnley, Chester, Crawley, Hull, Kettering, Kidderminster, Macclesfield, Nuneaton, St Helens, Walsall, Watford, Weston-super-Mare |
August 14th 2011 |
• 01/08/11 – 4 stores sold to Lewis's Home Retail including flagship store in London Road, Liverpool, together with stores in Eastbourne, Glasgow and Sheffield
• 22/07/11 - Around 100 TJ Hughes employees were made redundant after a shock announcement that the retailer’s distribution centre in Liverpool is to close
• 07/07/11 - Administrators E&Y of collapsed retailer TJ Hughes said that it was encouraged by the strong level of interest in the retail business and its stores
• 06/07/11 – Retailer called in liquidator to sell off the stock
• 30/06/11 - TJ Hughes collapsed into administration - Sir Philip Green, Primark and B&M Bargains expressed interest in stores
• 28/06/11 - TJ Hughes filed an intention to appoint an administrator
• 28/04/11 - The retailer's chief executive Beatrice Lafon was replaced after 3 months by Bob Lister
• 21/04/11 - Anthony Solomon, who together with turnaround investor Endless invested an unknown amount in the business for a significant stake
• 15/04/11 – Endless appointed Anthony Solomon as executive chairman
• 01/04/11 – New owner, Endless made efforts to put the value department store group on a firmer financial footing
• 25/03/11 – Discount department store was refinanced and sold to restructuring specialists Endless
• 11/03/11 – Retailer refinanced using an asset based facility giving it access to working capital
• 17/11/10 - During the 52 week period ended 30 January 2010 total sales increased by £5.4m to £266.7m. Gross profit increased by £5.0m with gross profit percentage rising from 36.5% to 37.6%
• 12/11/10 - TJ Hughes has named Beatrice Lafon as its new chief executive
• 07/06/10 – Department store chain pulls sale process
• 16/04/10 - TJ Hughes put up for sale with a £70m price tag
• 21/11/09 – Retailer opens new store in Walsall
• 09/11/09 – Discount chain TJ Hughes appointed bankers Hawkpoint to advise on options including a possible sale
As at 11th August 2011 retailer’s website is operational with a closing down sale and says ”…The affairs, business and property of TJ Hughes Limited (In Administration) are being managed by the Joint Administrators, S Allport and T A Jack who act as agents of TJ Hughes Limited (In Administration) only and without personal liability”
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