Stead and Simpson to close 90 UK stores

Dec 12, 2012

Hundreds of jobs set to go as Tyler Ltd is put into liquidation

Hundreds off High Street jobs are set to go because shoe shop chain Stead and Simpson is to close 90 UK stores, according to The Times. Shoe Zone, which bought Stead & Simpson out of administration in 2008, said that Tyler Ltd, the entity under which Stead & Simpson traded, had been put into liquidation.

Last year Stead & Simpson employed 1,400 people in its 230 stores, which suggests that the job losses at shops that are closing could exceed 500. The company has had a turbulent time recently. Founded in Leeds in 1838, it was the subject of a buy-out backed by Bank of Scotland in 2005. It had 400 shops nationwide by the end of 2008 when it plunged into administration.

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