Top 5 stories to read today

Here's our round up of the top stories from today that you don't want to miss.

736
Bonmarche collapsing into administration, putting almost 2900 jobs and 318 stores at risk It is the second time the clothing retailer Bonmarche has fallen into administration in 7 years. Under Armour and Virgin Galactic's spacesuit - the first in the world “created specifically for private astronauts”
Top stories from October 21.

1. Bonmarche collapsing into administration, putting almost 2900 jobs and 318 stores at risk

It is the second time the clothing retailer Bonmarche has fallen into administration in 7 years.

The retailer will continue to trade with no immediate job losses or store closures while it assesses options to find a buyer and secure its future.

2. Under Armour and Virgin Galactic’s spacesuit – the first in the world “created specifically for private astronauts”

Passengers will be able top purchase personalised spacesuits which can withstand the g-forces, weightlessness temperature changes in space.

It will also feature a communication’s button which will connect to an earpiece so passengers can communicate with the pilots during the flight.

Despite being made from a range of high-tech materials the suit will be machine washable.

3. Zara UK’s dramatic plunge in full-year profits in its UK market, despite sales increasing

According to The Mail on Sunday, the fashion retailer saw full-year pre-tax profits plummet by 56.9 per cent from £51.8 million to £22.3 million.

Although sales reportedly went up 10 per cent year-on-year from £704.8 million to £772.5 million.

4. Property consultancy firm CBRE has been appointed to review Game and Belong’s store portfolio

The potential store closures and relocations of Game and Belong sites raises questions around whether job cuts may result from it.

Game is set to undergo a review of its property portfolio that could lead to store closures or relocations, raising questions around whether job cuts may result from the changes.

In a statement circulated today, property consultancy firm CBRE said it has been retained as the sole advisors on the Game portfolio, which includes 259 video game stores as well as 21 Belong esports arenas.

5. The Entertainer records rising sales and profits after banking a £2.6 million dividend

The toy retailer’s founders, husband and wife Gary and Catherine Grant, took the payout after pre-tax profits increased by 29 per cent to £14.7 million last year, The Sunday Times reported.

Sales increased by £37.3 million to £204.4 million during the period.

Click here to sign up to Retail Gazette’s free daily email newsletter