The Kitchen Things appliance chain has gone into receivership.
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- Kitchen Things group put into receivership
- Losses mounted as weak consumer demand, competition hit sales
- Twelve stores closed for now, may reopen if costs can be controlled
- Buyers sought for some or all of business
A national kitchen appliance chain has gone into receivership because of weak consumer demand and tough competition.
The directors of the Kitchen Things group asked its bankers to call in the receivers as the business made continuing losses despite cost cutting and restructuring.
Receiver Stephen Keen of Grant Thornton said efforts to keep the chain going have not countered the drop in sales and shrinking margins.
“Over the past…