clinton cards in administration

here we go again more job losses in the uk and the islands



Clinton Cards said it expects its largest supplier to take steps to
place the company and its subsidiaries into administration on Wednesday.


Clintons has been on the retail critical list for months, after
suffering increased competition from rivals such as Moonpig and WH
Smith's Funky Pigeon website, which sell personalised cards.


Supermarkets and discount stores such as Poundland are also said to be treading on its toes.


Clintons recorded a pre-tax loss of £3.7 million in the 26 weeks to
January 29, compared to a profit of £11.7 million in the previous year,
and has already warned the second half of the year will be below
expectations.


Its shares have lost more than 80% of their value since the start of 2010.