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Jones Bootmaker looks to exit nine stores

Jones Bootmaker is looking to exit nine of its stores, Drapers can reveal.

Jones Bootmaker, Bristol


According to documents viewed by Drapers, the footwear chain is currently looking to offload its stores in St David’s Centre in Cardiff, Cabot Circus in Bristol, County Mall shopping centre in Crawley, Intu Lakeside shopping centre, Intu Merryhill shopping centre, The Centre:MK in Milton Keynes, Intu Chapelfield shopping centre in Norwich, Lister Gate in Nottingham, and West Quay shopping centre in Southampton.

The move comes four months after sister firm Brantano UK, went into administration.

Jones Bootmaker chief executive David Short told Drapers: “We are constantly reviewing our portfolio to ensure that our store locations are appropriate to our brand position and, of course, that they deliver a positive contribution. This year we will close a small number of stores with lease expiries in locations that do not meet these criteria.

“We are in regular discussion with landlords such as Intu to review our portfolio, often seeking relocations in towns or cities where we have a loyal Jones Bootmaker customer.

“We are also in discussion on a number of new store openings this year, in addition to the 15 major refits which are already underway.”

In October 2015 Alteri Investors bought Jones Bootmaker and Brantano for €17m (£12.2m) from now bankrupt Dutch firm Macintosh.

In February, Alteri bought the majority of Brantano out of administration for £7m, saving 81 stores, 59 concessions and 1,372 jobs. The sale excluded 57 stores and one concession.

Jones, which has 110 shops and 13 concessions in the UK, made a pre-tax profit of £315,000 for the year to December 31 2014. It made sales after exceptional items of £79.9m.

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