Thursday, 8 January 2009

Credit Crunch claims another

Womenswear outfit Viyella has become the latest company forced to call in administrators after suffering at the hands of the big crunch. However, as the news story says, they are hopeful new owners will be found for the business.

In other economic news Sainsbury's posted positive growth figures, which included sales of its clothing range Tu, that now owns a 2.3% share of clothing sales in the UK, placing it eighth in the rankings by volume.