×
88 308
Fashion Jobs
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
SAKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SAKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
FABLETICS
Art Director - Yitty
Permanent ·
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, Starting Pay $15.25 Per Hour
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Sherman Oaks
Permanent · LOS ANGELES
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Retail Cosmetics Stock - Estee Lauder, Flushing - Full Time
Permanent · New York
MACY'S
Asset Protection Officer, Bailey Road - Full Time (3840)
Permanent · North Jackson
KOHLS
Financial Analyst
Permanent · Menomonee Falls
GAP
General Manager - Glendale Galleria
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Manhattan Beach - Full Time
Permanent · Manhattan Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
AESOP
Part Time Retail Consultant | Seaport
Permanent · Boston
KOHLS
Distribution Center Operations Manager
Permanent · Patterson
PAUL SMITH
Sales Supervisor- Wooster Street
Permanent · NEW YORK
URBN
Urbn Urban Outfitters Inc. Inventory Control/Quality Audit
Permanent · RENO
H&M
Senior Director, Sales Component Engineering
Permanent · ATLANTA
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
Published
Nov 13, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Blue Inc is up for sale again, buyer needed urgently

Published
Nov 13, 2018

Low-price menswear retailer Blue Inc is for sale in the latest sign of the UK fashion retail sector struggling against the twin onslaughts of internet shopping and consumer caution.


Blue Inc



The loss-making company has reportedly appointed professional services firm Begbies Traynor to find a buyer.

It comes after a number of bruising years for the company in which it has been through several restructuring processes and has closed a number of unprofitable locations.

And it seems that the need to find a buyer is quite urgent with Sky News reporting that it's looking for new owners to take control of the business "in the short term”.

Its fate if a buyer can't be found remains uncertain, although there's always a chance that even if it went under, it could still be bought out of administration and could continue to operate. Some potential buyers prefer to take that route given that it makes it easier for them to shed unprofitable stores and restructure the business from the ground up.

However, there are also concerns that the company will be unappealing given the multiple and unsuccessful attempts that have been made to turn it around in recent years.

The sale process is more bad news for the fashion sector and suggests that even if it is snapped up, jobs will be lost as some of its locations are likely to be axed. This will also pile further pain on the beleaguered property sector that is having to deal with a spate of retailer failures and restructurings at the moment, with store vacancy rates on the rise.

Copyright © 2022 FashionNetwork.com All rights reserved.