29 June 2011

Thorntons to close 180 stores

Chocolate retailer Thorntons dealt a further blow to the high street by announcing plans to close up to 180 stores. The group said it will exit at least 120 outlets over the next three years as their leases expire, while it will also consider the future of an additional 60 shops over the same period. The plan will leave Thorntons with around 180 to 200 company-owned stores, although in the majority of locations it hopes franchisees will open outlets. The Thorntons strategy review, led by new chief executive Jonathan Hart, will see the company increasingly focus on its commercial division, which sells Thorntons-branded chocolate through other retailers, and grow online sales... read more

The Appointment
June 11

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