Another High-Street Victim with Over 100 Jobs Lost

  • Greenwoods, a Yorkshire-based menswear retailer, has gone into liquidation
  • The company is 158 years old and had over 200 stores at its peak
  • More than 100 jobs are expected to be lost
  • Greenwoods was saved from administration in September 2017 by Versatile International Trading
  • The retailer’s website now displays ‘sorry, this shop is currently unavailable’
  • This comes after music and entertainment retailer HMV also entered administration, putting 2200 jobs at risk

Greenwoods, a Yorkshire-based menswear retailer that was founded in 1860 by Sir Willie Greenwood as a hat shop and grew to have over 200 stores across the UK in the 90s, has gone into liquidation. The company had previously been saved from administration in September 2017 by Versatile International Trading but is now closing all its stores, leading to more than 100 job losses. Its website currently displays ‘sorry, this shop is currently unavailable’. This news comes just five days after music and entertainment retailer HMV also entered administration, putting 2200 jobs at risk.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the closure of Greenwoods, its history, and the impact on employees without any sensationalism or opinion masquerading as fact.
Noise Level: 3
Noise Justification: The article provides relevant information about the closure of a retail company and its impact on jobs but lacks in-depth analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: Greenwoods Menswear, Versatile International Trading
Financial Rating Justification: The article discusses the closure of Greenwoods Menswear and its impact on jobs, as well as mentioning HMV entering administration, both of which are financial events affecting companies in the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text. The closure of Greenwoods retail stores and job losses are considered a minor impact on the economy.

Reported publicly: www.retailsector.co.uk