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Prices cut 70% at Focus as stores close

Failed DIY retailer Focus today promised further discounts of up to 70% on its remaining stock as it gears up to close its stores completely.

Focus DIY revealed a calendar of deadlines for store closures on its closing-down website today, along with a promise of discounts up to 70%.

The earliest closures are this weekend on Sunday 19th, with stores closing in tranches on subsequent days until the end of the month.

The closing-down sale began towards the end of last month after Focus's administrators had failed to find a buyer for the group's remaining 123 stores.

Although massive reductions were promised, many punters were reportedly disappointed at discounts in the sale.

That has been the least of worries for Focus staff, however: as administrator Ernst & Young appointed Gordon Brothers to close down the stores three weeks ago, the vast majority of 3,000 workers had to begin the search for alternative employment.

The administrator did save some 900 jobs by selling more than 50 stores to rivals including B&Q and Wickes since the company went into administration in early May.

Source : This is money staff - This is

16 June 2011
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