Retail & Consumer Bankruptcy: CTD's Impact Across Edinburgh, Glasgow, and More
Tuesday, 20 August 2024, 10:57
CTD Shuts 56 Stores
In a shocking move, CTD announces the closure of 56 stores across several Scottish cities, including Edinburgh, Glasgow, Aberdeen, and Dundee. This decision follows the recent rescue deal with Topps and is set to have a profound impact on employment in the region.
Job Losses and Store Closures
- Five stores are to be transferred, allowing for some continuity.
- Six additional stores will permanently close their doors, impacting local economies.
- The move raises serious questions about the future of the retail landscape in Inverness, Livingston, Falkirk, and Kilmarnock.
This development highlights the ongoing struggles within the Retail & Consumer sector, particularly as bankruptcy rates continue to surge in urban centers.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.