Dozen jobs lost as JJB shuts up shop in Keighley

Bradford Telegraph and Argus: The closed JJB sports store on Hard Ings Road, Keighley The closed JJB sports store on Hard Ings Road, Keighley

A dozen Keighley retail jobs have been lost through the closure of a well-known sports store.

The store at the Keighley Retail Park is one of 133 JJB Sports outlets to be shut after the company was put into administration. Another 20 stores were sold to rival Sports Direct.

The closures have cost about 2,200 jobs in total.

The redundancies came as administrators at KPMG closed the stores and agreed to sell remaining outlets to Newcastle United owner Mike Ashley's Sports Direct International.

The Sports World parent bought the stores, the brand and its website for £23.8 million in a deal that will protect 550 jobs in the UK, including its warehouse. One of JJB Sports’ two Leeds store is included in the sale.

Ilkley-based retail veteran Sir David Jones, former deputy chairman of Morrisons and boss of Grattan and Next, successfully spearheaded moves to save the struggling JJB business when he was chairman for a year until his retirement on health grounds in January 2010.

The sale agreement is a worse-than-expected outcome for JJB staff as Sports Direct was reportedly hoping to safeguard up to 1,500 jobs and buy up to 60 stores.

However, David McCorquodale, corporate finance partner at KPMG, who led the sales process, said the level of cash and further operational restructuring required to rescue a more substantial part of the business was too much risk for most interested parties.

The administrators have set up a 24-hour helpline for employees on 0845 3022538.

Information is also available at kpmg.com/uk/jjb.

JJB’s dramatic rise and fall began when former Blackburn Rovers footballer and Wigan Athletic owner Dave Whelan, who was born in Bradford, bought a single store in Wigan in 1971. An aggressive expansion drive made it the UK’s biggest sports retailer with more than 400 stores before in 2007 Mr Whelan sold his family’s holding for £190 million.

Mr Whelan, who had previously sold a discount store business to Morrisons boss Sir Ken Morrison, had grown the business to 120 stores in 1994 when the company was floated on the stock exchange. Its acquisition of Sports Division in 1998 made JJB the largest sports retailer in the UK.

The group has been hit hard by the squeeze on consumer spending triggered by the financial crisis and the expansion of rivals Sports Direct and JD Sports.

Comments (4)

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11:51am Tue 2 Oct 12

A Casual Observer says...

That's a further 2,200 people put onto the dole, and who will then be recruited onto the Work Programme where they will be invited to work in shops filling shelves for no pay just their dole, whilst simultaneously and unrelentingly being bullied and badgered into applying for insecure low-paid jobs miles away, under threat of having entitlement to State Benefits withdrawn. It stinks.
That's a further 2,200 people put onto the dole, and who will then be recruited onto the Work Programme where they will be invited to work in shops filling shelves for no pay just their dole, whilst simultaneously and unrelentingly being bullied and badgered into applying for insecure low-paid jobs miles away, under threat of having entitlement to State Benefits withdrawn. It stinks. A Casual Observer
  • Score: 0

12:08pm Tue 2 Oct 12

Albion. says...

A Casual Observer wrote:
That's a further 2,200 people put onto the dole, and who will then be recruited onto the Work Programme where they will be invited to work in shops filling shelves for no pay just their dole, whilst simultaneously and unrelentingly being bullied and badgered into applying for insecure low-paid jobs miles away, under threat of having entitlement to State Benefits withdrawn. It stinks.
Blame JJB, their pricing wasn't competitive.
[quote][p][bold]A Casual Observer[/bold] wrote: That's a further 2,200 people put onto the dole, and who will then be recruited onto the Work Programme where they will be invited to work in shops filling shelves for no pay just their dole, whilst simultaneously and unrelentingly being bullied and badgered into applying for insecure low-paid jobs miles away, under threat of having entitlement to State Benefits withdrawn. It stinks.[/p][/quote]Blame JJB, their pricing wasn't competitive. Albion.
  • Score: 0

3:52pm Tue 2 Oct 12

A Casual Observer says...

Albion. wrote:
A Casual Observer wrote:
That's a further 2,200 people put onto the dole, and who will then be recruited onto the Work Programme where they will be invited to work in shops filling shelves for no pay just their dole, whilst simultaneously and unrelentingly being bullied and badgered into applying for insecure low-paid jobs miles away, under threat of having entitlement to State Benefits withdrawn. It stinks.
Blame JJB, their pricing wasn't competitive.
That's because there are too many shops, all selling things that no one really needs. And as the Tories are deliberately making everyone poorer it is inevitable that many more shops will close.
[quote][p][bold]Albion.[/bold] wrote: [quote][p][bold]A Casual Observer[/bold] wrote: That's a further 2,200 people put onto the dole, and who will then be recruited onto the Work Programme where they will be invited to work in shops filling shelves for no pay just their dole, whilst simultaneously and unrelentingly being bullied and badgered into applying for insecure low-paid jobs miles away, under threat of having entitlement to State Benefits withdrawn. It stinks.[/p][/quote]Blame JJB, their pricing wasn't competitive.[/p][/quote]That's because there are too many shops, all selling things that no one really needs. And as the Tories are deliberately making everyone poorer it is inevitable that many more shops will close. A Casual Observer
  • Score: 0

6:50pm Tue 2 Oct 12

stevion12 says...

JJB expensive i thought, Sport direct cheaper and better and more choice no wonder the one at Forster square shut down soon after sports direct opened.
JJB expensive i thought, Sport direct cheaper and better and more choice no wonder the one at Forster square shut down soon after sports direct opened. stevion12
  • Score: 0

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