Yesterday the retailer said the majority of
Currently, stores in the
In a trading update at the start of the year and prior to the outbreak of coronavirus in
It said yesterday it is stress-testing its forecasts under a range of scenarios and said the board is taking "sensible measures to preserve cash", which includes negotiations with landlords regarding sore rental relief.
The group said it is in discussions with its lending group to provide "additional flexibility and liquidity" to support the company.
In December,
The news followed the collapse of fellow fashion firm Laura Ashley into administration on Tuesday.
Shares closed down 22.6 per cent.
(c) 2020 City A.M., source