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JJB Sports stores in Bournemouth close
9:00am Tuesday 2nd October 2012 in Latest
BOTH Bournemouth branches of sportswear giant JJB closed yesterday as the chain went into administration with the loss of 2,200 jobs.
Stores at Turbary Retail Park and The Avenue shut, leaving 30 of the 32 staff redundant.
Sports Direct, the rival firm that belongs to Newcastle United owner Mike Ashley, bought 20 stores around the country, saving 550 jobs, but 133 stores closed.
KPMG were appointed administrators and head of restructuring Richard Fleming said: “All staff made redundant have had their arrears of wages and holiday entitlements paid.
“We will be reviewing what options are available for the remainder of the business, such as selling leasehold interests.”
City analysts said JJB, which once had 400 stores, had suffered from the expansion of rivals like JD Sports and Sports Direct, and the ongoing financial crisis.
The former JJB store in Poole’s High Street was converted into a Sports Direct store before the administration.