So, in answer to the previous blog it looks like the next retailer has gone into administration. Ellie Louise, the Leeds based women's fashion retailer which has 97 stores in the UK and employs 439 people, is the latest to go into administration. One reason for the failure has been the fact that it took over the Trade Secret brand in 2010 which according to the administrators "exacerbated" the firms problems. Basically it was a simple case of falling consumer spending that has brought down the company.
The administrators have said that they will continue to trade the business for the time being in the hope of finding a buyer for all or part of the business.