Allders department store in Croydon goes into administration

13:54 16 June 2012

Department store Allders – which has been trading in the London borough of Croydon for 150 years – has gone into administration.

Around 850 jobs are now under threat at what is one of London’s largest remaining department stories.

Croydon Council said the store was unable to raise working capital, and the local authority has pledged to help staff any way it can.

Councillor Mike Fisher, leader of the council, said: “This is a significant blow to the town and it’s particularly sad that this situation has arisen in the year that Allders has been celebrating 150 years of trading in the borough.

“Like the rest of the country, Croydon is grappling with very difficult economic conditions and reduced spending power, and this shows how even the most long-established institutions are potentially threatened.

“Whilst there is no getting away from the fact that this is a very sad day for Croydon, we remain optimistic for the future of retail in the town.

“Two of the country’s largest retail developers remain keenly interested in our main shopping centre, Whitgift, and only a few weeks ago we approved Hammerson’s plans for the remodelling and expansion of Centrale. We are determined to ensure that our regeneration plans remain on track.

“And with new residential and business space already under construction, I still believe we are well-positioned for when the economy as a whole begins to grow again.”

Allders director Andrew Mackenzie blamed “tough market conditions” for the calling in of administrators and added he hoped additional investment or a sale could be achieved.

Latest Stories from SNAP.PA

Ello is the new social network on everyone’s lips, but the question is, why?

Read more

Here are some tips from an expert on how to create the tricky Middle Eastern dessert.

Read more

The man in the moon may have been caused by a long plume of magma deep inside the moon coming to the surface.

Read more

Promotions

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

Dojo gives you hand picked recommendations for events, places and activities in London

Tired of always hearing about some amazing event in London after its gone, missing out on the best activities? That’s where Dojo comes in.

Advanced running and training technology for beginners up to elite athletes

If you’re thinking of adding running treadmill to your fitness routine, you’re on the right track! There are several advantages to running on a treadmill versus running outdoors.

Ello is the new social network on everyone’s lips, but the question is, why?

A step-by-step guide to getting reimbursed by TFL if you’re delayed on the trains or Tube.

David Cameron says William Hague is the greatest living Yorkshireman. We respectfully disagree.

The teenager is thought to have met up with a 17-year-old girl from London amid fears they have been radicalised.

TOP Stories

15 minutes ago
Police say a body found last night is that of Alice Gross

Police have tonight confirmed a body found in the River Brent yesterday is that of missing 14-year-old Alice Gross from Hanwell.

14:06
The man filmed himself raping his wife on her mobile phone

A man who repeatedly raped his wife and filmed it on her mobile phone has been jailed for 13 years.

39 minutes ago
The cyclist was in a collision with a National Express coach in Oxford Street this morning (Picture: Twitter/@davenoisome)

A female cyclist was rushed to hospital with leg injuries after being involved in a collision with a coach in Oxford Street this morning.

London Bloggers

Wednesday, September 17, 2014
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit:

Monday, September 1, 2014
Do you really need an explanation for that?! (Pic by Serena Marinelli)

If you’ve ever seen an Italian movie, you would probably know how important body language is in the culture.

Tuesday, August 26, 2014
Don't waste any of your harvest

If you are now inundated with ripe tomatoes, juicy green beans, berries and herbs, don’t leave them to go stringy or mouldy because the freezer can go a long way to making your crops last well into winter.