"BBC NEWS | Business | Retailer Morgan in administration
French women's clothing store chain Morgan has gone into administration, the latest retailer to be hit by the sharp fall in consumer spending.The company, which expects to report a 9% decline in 2008 sales, said it still hoped to be able to sell the business."
These companies must have been running really close to the edge if a mere 9% fall in sales is enough for them to collapse.
BBC NEWS | Business | Retailer Morgan in administration
French women's clothing store chain Morgan has gone into administration, the latest retailer to be hit by the sharp fall in consumer spending.The company, which expects to report a 9% decline in 2008 sales, said it still hoped to be able to sell the business."
These companies must have been running really close to the edge if a mere 9% fall in sales is enough for them to collapse.
BBC NEWS | Business | Retailer Morgan in administration