Big news for bargain hunters and employees alike: The Original Factory Shop is facing tough times as it enters administration. With 137 UK stores and 1,180 jobs hanging in the balance, it’s a worrying time for shoppers and staff.
This beloved discount retailer, famous for its affordable clothing and homeware, has appointed administrators from Interpath Advisory. But don’t panic just yet! Stores remain open while experts explore options to keep things ticking.
The company blames its troubles on rising costs and shaky consumer confidence. Plus, recent ownership changes haven’t quite turned things around. Sound familiar? Last year, another big name, the accessories chain Claire’s, also fell into financial hot water.
It’s a developing situation, but for now, you can still bag those bargains. Fingers crossed for a positive outcome! 🤞 Stay tuned for updates.