18:07pm, Tue 23 Jun 2020. Visit us at: https://www.GOoutdoors.co.uk Community content is available under CC-BY-SA unless otherwise noted. Michael Magnay, joint administrator, added: “Like many high street retailers, Go Outdoors Ltd has been seeking to address a number of underlying business challenges in the current UK retail environment, which have been exacerbated by the impact of Covid-19. Europe - Find all the latest information about Europe, news bulletins, follow live the breaking news on euronews.com Gearing Go Outdoors R.O.C.E The level of a company's debt related to its equity capital. Cath Kidston, Laura Ashley and the UK arm of Victoria's Secret have all called in administrators. I am still waiting for the £65 refund, the clamp and the tools 25 days on. In the coming months we will be hearing more about the incoming US administration's foreign policy plans. “Most importantly, we are pleased that it will protect the maximum number of jobs possible.”. JD Sports added that all existing staff will be transferred as part of the pre-pack administration sale. .css-14iz86j-BoldText{font-weight:bold;}Go Outdoors' owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point. BBC News Navigation. GO Outdoors are the UK's Biggest Outdoor Stores. We'll beat it by 10% Found something we sell cheaper? JD Sports, which owns Go Outdoors, said in a statement it had looked at the options for Go and had decided to start the administration process. While non-essential retailers have since been allowed to reopen in Northern Ireland and England, analysts have questioned how comfortable customers will feel returning to the shops. Go Outdoors Go Outdoors' owners say they are preparing to call in administrators as the coronavirus pandemic pushes High Street retailers to breaking point. Visit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. VideoBrazil running out of oxygen in second Covid wave, 'Only our generation can heal America' Video'Only our generation can heal America', ‘The painful call that helped me break free from my mum’. “Having investigated all available options for the business, we firmly believe that this restructuring will provide Go Outdoors with a platform from which it can progress whilst remaining a member of the Group. There was also a problem with the brakes not being bled which they have offered to pay for. JD Sports, who own the company, said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. Sections. Gearing and Liquidity Liquidity ratio A company's ability to repay short-term creditors out of its total cash. GO Outdoors are the UK's Biggest Outdoor Stores, specialising in offering the best in outdoor brands at an affordable price. It is understood the accountancy firm Deloitte has been appointed to oversee the process, which could see the company restructured or requests made for rent cuts or "holidays" for its stores. A Gannett Company. Get free delivery on orders over £50. It added it had not yet appointed anyone. The UK's Biggest Outdoor Stores. A spokesperson for Deloitte told the BBC it had no comment at this time. The BBC is not responsible for the content of external sites. Members of the ex-president's party say he deserves "a full and fair process that respects his rights". BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs. Here at GO Outdoors we stock an extensive collection of the very best camping tools and knives that have been designed especially for those on camping holidays who may need to find food or firewood. Several big brands have been struggling due to the lockdown measures introduced in March to stop the spread of Covid-19. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. The retail group hired administrators from corporate finance firm Deloitte earlier on Tuesday, June 23, after it saw sales hammered by the coronavirus crisis. JD Sports has today confirmed to investors that it is weighing up administration for Go Outdoors, after speculation that an The post JD Sports lines up administrators for Go Outdoors appeared first on CityAM. On Saturday, Sky News had exclusively revealed that Go Outdoors was on the brink of administration - … Horizontal variant. HP10 9TY | 01676637 | Registered in England & Wales. News. Google threatens to pull search engine in Australia, .css-1snjdh1-IconContainer{display:none;height:0.875em;width:0.875em;vertical-align:-0.0625em;margin-right:0.25em;}Brazil running out of oxygen in second Covid wave. JD Sports, which owns Go Outdoors, … Created with sketchtool. JD Sports has bought its subsidiary Go Outdoors back for £56.5m in a bid to renegotiate better rents with landlords after putting the business into administration earlier this week. These adverts enable local businesses to get in front of their target audience – the local community. .css-1ty7601-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;width:100%;font-size:1rem;line-height:1.375rem;}.css-ftbx47-Heading{width:100%;}Republicans seek delay 'to give Trump fair trial'.css-2nuv1h-Rank{font-size:1.5rem;line-height:1.75rem;font-weight:normal;padding-left:0.75rem;color:#B80000;}@media (min-width:37.5rem){.css-2nuv1h-Rank{font-size:2rem;line-height:2.25rem;}}1, Google threatens to pull search engine in Australia2, Senegal student sorry after disappearing in France3, Trump 'prank-called by Piers Morgan impersonator'4, QAnon in disarray after Biden inauguration5, How a £20 gadget could save lives from Covid6, Australian Open player with Covid 'sorry' over row7, Police break up 400-person wedding party8, Canada governor general quits amid bullying claims9, Germany under pressure over Russian gas pipeline10. Follow the latest NASA news stories and headlines. JD Sports, which owns Go Outdoors, said the Covid-19 lockdown had brought into "sharper focus" the costs of the business, especially its lease terms. DIY spending splurge helps May sales recover, Brazil running out of oxygen in second Covid wave. Peter Cowgill, executive chairman of JD Sports - who own Go Outdoors, said: “As a consequence of Covid-19, Go Outdoors was no longer viable as previously structured and would have absorbed capital at an unsustainable rate for the foreseeable future. ©Copyright 2001-2021. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. 419 were here. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. “This successful sale will provide Go Outdoors with an opportunity to restructure its business to secure its future for the long term. By Data returned from the Piano 'meterActive/meterExpired' callback event. This site is part of Newsquest's audited local newspaper network. 6 January 2012 ... Scottish clothes chain Edinburgh Woollen Mill and outdoor … Newsquest Digital Content Team. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. The bank holiday weekend has seen some mixed weather, but as the sun emerged, many in the UK took the opportunity to make the most of lockdown easing and take a day trip. But soon after Iain was born, in January 1976, things started to go wrong. Visit us at: https://www.GOoutdoors.co.uk Read about our approach to external linking. GO Outdoors News and Updates. View the latest US news, top stories, photos and videos from around the nation. Toys R Us has gone into administration, putting 3,000 UK jobs at risk. To get the day’s top headlines delivered to your inbox every morning, sign up for our 5 Things newsletter. Video, Brazil running out of oxygen in second Covid wave, 'Only our generation can heal America' Video, The vehicle that got a village smiling. Get the latest international news and world events from Asia, Europe, the Middle East, and more. 2020-06-24T06:28:00+01:00 By Grace Bowden. What is return on capital employed (ROCE) The History and Future of Go Outdoors .css-1xgj2ad-InlineLink:link{color:#3F3F42;}.css-1xgj2ad-InlineLink:visited{color:#696969;}.css-1xgj2ad-InlineLink:link,.css-1xgj2ad-InlineLink:visited{font-weight:700;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-1xgj2ad-InlineLink:link:hover,.css-1xgj2ad-InlineLink:visited:hover,.css-1xgj2ad-InlineLink:link:focus,.css-1xgj2ad-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-1xgj2ad-InlineLink:link,.css-1xgj2ad-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-underline-offset:0.25em;}.css-1xgj2ad-InlineLink:link:hover,.css-1xgj2ad-InlineLink:visited:hover,.css-1xgj2ad-InlineLink:link:focus,.css-1xgj2ad-InlineLink:visited:focus{-webkit-text-decoration-color:currentcolor;text-decoration-color:currentcolor;-webkit-text-decoration-thickness:2px;text-decoration-thickness:2px;color:#B80000;}}The company said it had filed a notice of its intention in court, a move that protects the company from legal action and its creditors for ten days while an administrator is found. Created with sketchtool. The Company provides products which includes sporting goods and equipment, camping gear, sportswear, climbing gear, bicycles, and accessories. A new, simplified logo was revealed shortly after this transaction on 1 July 2020. If you are dissatisfied with the response provided you can contact IPSO here. Big brand outdoor clothing, tents & camping, cycling and more. JD Sports, who own the company, said the move will “preserve as many jobs as possible” at the troubled retailer, which sells waterproof clothing, bikes and camping products. JD Sports said it considered potential options for the chain, which has 67 stores nationwide, in May, including a potential sale. The chain employs about 2,400 staff across 67 stores, specialising in camping equipment, bikes and clothes. Go Outdoors, the camping and clothing specialist, more than tripled its profits and nearly doubled its sales last year. “I’m particularly pleased that we have been able to secure the employment of all the Company’s workforce, and we’d like to thank all employees and key stakeholders for their support throughout this process.”, Get involved with the news in your community, This website and associated newspapers adhere to the Independent Press Standards Organisation's Editors' Code of Practice. But the chain has been struggling in recent years, and forced store closures under the coronavirus lockdown have further exacerbated the firm's problems. Compared with the same period in 2019, footfall was down 45.3% on the first day of reopening in England, according to retail analyst firm Springboard. A string of retailers including Oasis, Warehouse, Laura Ashley and Debenhams have also called in … The British Broadcasting Corporation (BBC) is a public service broadcaster, headquartered at Broadcasting House in Westminster, London.It is the world's oldest national broadcaster, and the largest broadcaster in the world by number of employees, employing over 22,000 staff in total, of whom more than 16,000 are in public sector broadcasting. However, it said it determined that the business had a potential future within the wider group “if fundamentally restructured”. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}DIY spending splurge helps May sales recover, Republicans seek delay 'to give Trump fair trial'. The Manchester-based JD Sports group bought Go Outdoors in 2016 for £112m. The BBC's weekly The Boss series profiles different business leaders from around the world. The owner of Go Outdoors has bought back the business for £56.5 million after pushing it into administration. Go Outdoors is the latest retailer pushed to the brink during the coronavirus crisis. See world news photos and videos at ABCNews.com BBC News provides trusted World and UK news as well as local and regional perspectives. This week we speak to Louise Hill, founder of GoHenry, … Africa's long wait for the Covid-19 vaccine, The vehicle that got a village smiling. Get breaking news alerts when you download the ABC News App and subscribe to NASA notifications. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. GO Outdoors Ltd. markets and retails outdoor products. As a subscriber, you are shown 80% less display advertising when reading our articles. JD Sports buys Go Outdoors back after tumbling into administration A general view of the shop floor at Go Outdoors Nottingham (Simon Cooper/PA) (PA Archive) By The Newsroom. 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