A.G. Clothing Limited (00941463): administration
- Status
- Administration ended
- Administration began
- 2020-11-30
- Administrators' firm
- Deloitte
- Formerly
- Sears Clothing Limited; Sears Womenswear Limited; S. Reece & Sons, Limited; W.B. Pellew-Harvey & Co. Limited; Mappin & Webb (Sales)Limited; P.H. Foods Limited
- Incorporated
- 1968-10-30
- Location
- Birmingham
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Weak consumer demand
- Property / lease costs
- Regulatory change or action
- Competition / price pressure
- Shift to online / high-street decline
- Sustained trading losses
From the administrators' statement
.Along with many other UK retailers, the Group had,
even prior to the impact of the COVID-19 pandemic, been faced with highly challenging market conditions on the UK high street, which were well publicised. These included the increasing switch from in-store to online shopping and an aggressive discounting environment as retailers competed for customers.
All of these factors put significant pressure on the Group and led to successive years of like-for-like decline in retail sales, including approximately 11% in the financial year 2018/2019 (the last full financial year prior to the COVID-19 pandemic).
Administrators' statement of proposals (2021-02-05) · Companies House register