Feeds

Software Warehouse's old retail chain shuts doors

30 stores and 150 staff affected

  • alert
  • submit to reddit

The essential guide to IT transformation

One Stop Computer Solutions, formerly Software Warehouse's retail business, has fallen into administrative receivership four months after Jungle.com boss Steve Bennett offloaded the business.

All 30 shops at the Midlands-based business are currently closed, and more than 150 staff are believed to be affected. Martin Hall and Vincent Sweeney at Price Waterhouse Coopers were yesterday appointed administrators.

The company was previously part of Steve Bennett's Software Warehouse empire, and was started in 1992. He sold the chain of shops via an MBO on 1 April to a group of six Software Warehouse directors and district managers. They paid a total of £1 plus the stock value for the business and changed the name to One Stop Computer Solutions.

As part of the deal, Jungle bought the mail order and logistics side of Software Warehouse, while Bennett put his efforts into e-tail venture jungle.com.

Although One Stop is unconnected with Bennett, he said today he would honour warranties on goods bought before 1 April. One Stop chiefs were unavailable for comment.

Bennett put One Stop's failure down to growth in online shopping. "Unfortunately for the stores, the summer has seen a slow down in retail sales as many purchasers have migrated their shopping online," he said.

In unconnected news Jungle has laid off around 20 staff. The redundancies at its warehouse in Coleshill, Warwickshire on Friday - including 20 full-time employees - was put down to automation and re-organisation at the warehouse.

According to Bennett, the redundancies follow moves to make the company more efficient - it has visited rivals such as Dabs.com and been taking advice from Logica on how to improve the business. They add to the other 20 staff culled in June at Jungle.

Bennett said the company, which has recently built a £1 million 30,000sq ft extension to the warehouse, will be profitable by the end of this year. ®

Related Stories

Jungle job cuts follow Software Warehouse merger
Jungle buys Software Warehouse ahead of planned IPO

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.