JJB Sports has closed a raft of its Qube stores this morning - just three days before Christmas - fuelling speculation about the long term future of the footwear chain.
JJB Sports closed five Qube stores this morning including Nottingham, Cardiff, Swansea, Leamington Spa and Blackpool. The sportswear company said that it had terminated the leases on five shops but declined to name locations.
Other stores, including Telford, Portsmouth and Northampton, told Drapers they were also closing down. Store staff said that the shops would be rebranded in the new year but that they had not been advised what they would be changed to.
Branches in Maidstone, Bury St Edmunds and Ballymena in Northern Ireland confirmed they also had closing down Sales.
Several other Qube stores closed earlier this year.
A spokesman for JJB Sports said: “Five leases have been terminated but the rents for the rest of the Qube portfolio have been paid in full. The termination of the leases is part of the ongoing rationalisation of the business. There are no plans to shut the Qube business.”
However, it is unclear how many Qube shops remain. At the time of JJB’s interim results earlier this month, Qube had 24 shops.
JJB Sports bought Qube for £1 from Sir Tom Hunter’s West Coast Capital firm earlier this year.
Qube is part of JJB Sports’ lifestyle division, which it put up for sale earlier this year. The spokesman said that talks were ongoing about the sale of the lifestyle division, which also includes Original Shoe Co.