Office Outlet is latest retailer to go into administration

The struggling retailer, formerly known as Staples, has 90 stores, predominantly in out-of-town retail parks. Its collapse comes less than a year after its management team resorted to a company voluntary arrangement (CVA) to jettison unwanted stores and slash its rent bill. Deloitte partner Richard Hawes, who is overseeing the administration, said Office Outlet had suffered as a result of falling stationery sales as well as the wider malaise on the high streets...
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