.
.
FASHION Retailer Pamela Scott is to close its Tralee branch at Abbeycourt.
They have announced the closure of 12 of its 24 stores, resulting in the possible loss of 104 jobs. The company cited changes in retail trading, largely as a result of Covid-19, are reasons for the closures.
Gift vouchers, credit notes, loyalty cards and deposits will be unaffected by the closures regardless of where the vouchers were purchased.
Continued below…
.
As well as Tralee, the Pamela Scott shops being closed are Grafton Street, Frascati Centre, Swords and Blanchardstown in Dublin and Cork City, Limerick Crescent, Carlow, Sligo, Dundalk, Gorey and Nenagh.
It is applying to the High Court today to have Eamonn Richardson, a partner in restructuring at KPMG Ireland, and Ian Barrett, a director in KPMG, appointed as joint provisional liquidators.
The company’s online business, pamelascott.com, will be unaffected by the restructuring.
The restructuring will mean 104 staff may be made redundant subject to a collective redundancy process, but the company said it is confident it will secure the jobs of the remaining 90 employees.
In a statement, Richard Barron, managing director of Pamela Scott said; “Extraordinary times require extraordinary measures and we feel this is the very best way of protecting not just one of Ireland’s oldest and largest fashion chains, but the livelihoods of our remaining 90 employees.”
“When it comes to high-street retailing in general, and fashion in particular, you have to adapt or face extinction. Pamela Scott has repeatedly adapted both to changing customer tastes and to changing market conditions.”
“We are confident that this restructuring will allow us to continue to bring the very best of Irish and international fashion to our Irish customer base for many years to come,” he added.
More damage from the Scamdemic.
All part of the Great Reset and the greatest transfer of wealth from small and medium owned business to large corporate businesses in history.