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 why a traditional Department Store like Austins may have failed in the current UK retail environment. [10]
Assess why a traditional Department Store like Austins may have failed in the current UK retail environment. [10]
