UK footwear firm Johnsons Shoes Company has become the latest to appoint administrators as the coronavirus (Covid-19) pandemic weighs on the retail sector.
The shoe retailer, which operates Johnsons Shoes and Bowleys Fine Shoes, appointed Ian Defty and Richard Toone of CVR Global as joint administrators on 23 April. An announcement was made by the company on 11 May.
The family run business has been operating since 1970 with 12 stores across London and the South-East of England. It sells brands including Clarks, Vans, Timberland, Geox, Skechers and Barbour.
Johnsons closed its stores on 20 March due to the pandemic.
The company joins a growing number of other global retailers appointing administrators as the coronavirus takes its toll on the industry.
Stage Stores and luxury department store retailer Neiman Marcus last week filed for Chapter 11, while Canada-based footwear retailer and distributor Aldo Group filed for creditor protection in order to restructure its business.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
