Morgan Clothes in administration

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Webmasterserve

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French ladies clothes retailer Morgan has join the growing list of high street retailers going into administration.

Morgan said it was expecting a 9 percent fall in sales for 2008 as a result of the global economic slowdown.
 

odls

Yellow Belt
Trouble is this year they've not got the 'fat' from big profits to see them through the leaner times. They say that 80% of profits are made during 20% of the year.
 

Joy

White Belt
I didn't know that. It's a shame that these companies are closing, I wonder who'll be next :(
 

gkd_uk

Yellow Belt
Zavvi Entertainment have also gone into Administration. They main supplier was woolworths who have also gone into administration :(
 
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