Carpetright to close local stores in restructuring planpublished at 08:40 British Summer Time 12 April 2018
BBC Business News
Several stores across the West Midlands are being shut by retailer Carpetright as part of a restructuring plan.
The firm's cutting 300 jobs and recently said it had started talks with lenders to ensure it does not breach the terms of its bank loans.
The chain is planning a company voluntary arrangement (CVA), which will allow to it to shut the worst-performing stores and ask for rent concessions on another 113 sites.
The 92 stores it's closing include branches in Birmingham Stechford, Dudley, Kidderminster, Lichfield, Stafford, Stratford-upon-Avon, Telford and Walsall.