Fears for retail as Focus DIY eyes administration

May 4, 2011 Spilsby Online 0

Home improvements chain Focus DIY is set to appoint administrators, which could have potential ramifications for DIYers in the area. News agency Reuters has reported that the home improvements chain Focus DIY is set to appoint administrators, putting nearly 4,000 jobs at risk and adding to fears of a fresh wave of retail failures amid sluggish consumer spending and rising costs. Focus DIY, majority-owned by private equity firm Cerberus, said on Wednesday it was seeking […]