Austins: Derry department store closes after
company goes into liquidation.
One
of Europe's oldest department stores, Austins, in the centre of Londonderry,
has gone into liquidation.
Fifty-three staff were told at a meeting on Tuesday
that they had lost their jobs.
BBC Video News story: Click on the picture or visit: http://www.bbc.co.uk/news/uk-northern-ireland-35756175
What ‘liquidation’ means: https://www.gov.uk/liquidate-your-company/overview
Question.
Assess the reasons why a traditional Department Store like Austins may have failed in the current UK retail environment. [12]
