Who owns JTF Mega Discount Warehouse?
Poundstretcher
Poundstretcher’s owners have bought JTF Mega Discount Warehouse from administrators. The stores have been acquired by Bargain Buys, a subsidiary of Poundstretcher, which launched a CVA rescue plan last year. The deal includes JTF’s brand and other assets, and could see nine stores reopened.
Why has JTF closed?
JTF Mega Discount Warehouse has closed its stores, including one in Rotherham, having collapsed into administration. Established over 40 years ago, and with a recent turnover of circa £60m, JTF had been struggling to manage debts accrued as a result of the worsening retail climate and excessive head office costs.
What is happening with JTF?
The Preston, Sheffield and Warrington stores have permanently closed. Administrators at business advisory firm FRP said they were working with the pensions regulator and redundancy payments service to support the former JTF employees who were made redundant, and a specialist team was helping process claims.
Is JTF going bust?
Tuxford-based JTF Mega Discount Warehouse collapsed into administration in July after a deal to sell the company fell through at the last minute. The aim is to have 24,000 different product lines on sale, as well as online under the JTF brand.”
Is JTF Hucknall closing down?
JTF Mega Discount Warehouse in Hucknall has closed its doors for good. It has been reported that the company ran into difficulties as a result of forced closure of stores during the Covid-19 lockdowns which wiped out fireworks and Christmas sales – two of its largest seasonal items.
Has JTF been bought out?
Nottinghamshire-baseed discount retailer JTF has been bought out of administration, saving 230 jobs. Poundstretcher boss Aziz Tayub has bought the stricken chain and has revealed plans to expand the JTF brand by opening 15 new branches.
Do you need a card to get into JTF?
The best part of all of this is that at JTF Mega Discount Warehouses, everyone is welcome; all you need is one of our free memberships to shop in-store. Once you have a card, you are one of the first to know about all of our unmissable offers.
What does JTF stand for?
Joint Task Force
JTF is an abbreviation of Joint Task Force.
Is Leeds JTF closing down?
Bargain store JTF Mega Discount Warehouse in Leeds is ‘permanently closed’ after the company which owns it collapsed. The company has entered into an insolvency procedure called a corporate voluntary arrangement, according to Companies House.
Can anyone go to JTF warehouse?
You can shop for Food & Drink, Home & Garden, DIY, Electrical, Furniture, Toys, Pet, Toiletries, Cleaning, Sports & Leisure, and so much more in our one-stop shops. The best part of all of this is that at JTF Mega Discount Warehouses, everyone is welcome; all you need is one of our free memberships to shop in-store.
Can anybody shop at JTF?
JTF required customers to be members and sold a wide range of products from garden furniture to food and drink. Classed as essential, its shops were open under lockdown restrictions. “JTF was rescued from going into administration by its current owner in early January 2020.
Is JTF mega discount warehouse in Stoke-on-Trent closed?
One of Stoke-on-Trent’s biggest superstores is ‘temporarily closed’. Shoppers have contacted StokeonTrentLive after finding the gates to the JTF Mega Discount Warehouse locked in recent days. A sign at the car park entrance simply states: “JTF Stoke is temporarily closed.”
What’s on sale at Fenton’s JTF mega discount warehouse?
The JTF Mega Discount Warehouse, in Fenton, is slashing prices on all its stock. From today, everything in store will be available at up to a further 50 per cent off the already low prices. It includes branded household essentials, garden and outdoor living goods, furniture, toys and games alongside pet care, drinks and health and beauty products.
How many JTF stores are there in the UK?
JTF has 12 stores and 500 staff across the Midlands and the north of England. It remained open during the coronavirus lockdowns after being classified as an ‘essential retailer’. But its fireworks and Christmas sales were battered in 2020.
Why has JTF Stoke in Fenton closed?
A sign at the car park entrance simply states: “JTF Stoke is temporarily closed.” It comes as customers have been complaining about a lack of stock in the Fenton store for months. And shoppers can no longer leave comments on the branch’s Facebook page. Customers are sad to see the branch closed.