Clinton Cards becomes latest retail victim of the recession

The news that Clinton Cards is set to close 350 of its 784 stores is yet another knock for the high street and unemployment figures in the UK – with 2,800 employees set to lose their jobs.

News reports suggest that the card retailer has been trumped by online card companies – like Moonpig and Funky Pigeon – that have embraced new technology to offer personalized messages and video cards.

Administrators Zolfo Cooper said that the size of the Clinton Cards retail estate compared with the overall performance of the retailer has left them with no choice but to close just under 50% of the stores.

Clinton Cards joins other recent victims of the high street recession including Mothercare, Peacocks and GAME.

For retailers who need advice on cutting costs, Johnson Fellows can assist tenants with services such as budget management, lease restructuring, surplus unit disposals, or rating appeals.