|Trading name||Barratts Shoes, Priceless Shoes, Dolcis|
|Predecessor(s)||W Barratt Boot and Shoe Company (1903-1964)
Stylo plc (1964-2009)
Barratts Priceless (2009-2012)
|Founder(s)||Management team, lead by Michael Ziff|
|Headquarters||Apperley Bridge, Bradford, West Yorkshire, United Kingdom|
|Number of locations||173 stores|
|Area served||UK & Ireland|
|Key people||Michael Ziff (Chief Executive)|
Barratts is a brand of high street shoe shops operating in the UK and Ireland. The Barratts shoes brand trades from 100 UK and Ireland stores.
W Barratt Boot and Shoe Company was established in 1903, and soon became one of the leading shoe manufacturers in Northampton. In 1913 it moved into a neo-Baroque factory designed by John Macvicar Anderson. The firm flourished in the mid-20th century under the advertising slogan "Walk the Barratt Way".
Stylo was a family run business which originated in 1935, with the consolidation of three separate companies the company was floated on the London Stock Exchange under the trade name Stylo Boot Company (Northern) Ltd. Having grown to 150 outlets, in 1964 Stylo bought W Barratt and Company, and merged the two businesses in Bradford.
Developing uder the better known Barratts brand, the company developed to over 400 retail outlets. However, in the 1990s it suffered from low cost foreign competition, and subsequently issuing new stock merged with rival Priceless. Based in Apperley Bridge, Bradford, West Yorkshire, the new company operated over 300 UK and Ireland concessions across the Arcadia Group, including within Dorothy Perkins, as well as supporting their online activity. Barratts also had an online presence with the retailer Wallis.
Following a trading loss of £12.5m in 2008, on 26 January 2009 Stylo's shares were suspended. Barratts and PriceLess soon went into administration. and on 13 February 2009 Stylo itself went into administration. On 19 February 2009, administrators Deloitte announced that 220 Barratt and PriceLess stores would be closing with the loss of approximately 2,500 jobs.
The remaining 160 stores and 165 concessions, plus the Barratts and Priceless brands were sold to a management team led by Michael Ziff, under Barratts Priceless Ltd (BPL). In December 2011, BPL called in administrators Deloitte, who immediately closed 100 stores and 359 concessions, resulting in 2,500 job losses. In January 2012, a management team led by CEO Ziff bought 89 Barratts and Priceless stores through a new company, Barratts Trading Ltd. This sold through both its own stores and ecommerce website, plus online retailers Amazon.com, Debenhams and eBay.
In October 2013, it was reported that the business was suffering a cash flow crisis as it struggled to purchase new stock in the run-up to Christmas. On 11 November 2013, it was confirmed the company had entered administration, with 18 immediate store closures.
- "Barratts goes into administration". BBC News. 11 November 2013. Retrieved 2013-11-11.
- "Barratt Shoe Factory, Northampton, Northamptonshire". Heritage Explorer. English Heritage. June 2000. Ref. BB001829. Retrieved 2012-09-05.
- Dolcis Sale to Stylo Barratt
- Shoe retailer Stylo's shares suspended - Telegraph
- Footwear chains in administration - BBC
- Barratts Shoes collapse puts 5,450 jobs at risk - Times
- Shoe shop chain cuts 2,500 jobs - BBC
- Zoe Wood (30 December 2011). "Shoe shop chain Barratts Priceless makes 1,600 staff redundant". The Guardian. Retrieved 2012-01-24.
- "Barratts deal to save 1,100 jobs". BBC News. 15 January 2012. Retrieved 2012-01-15.
- "High Street shoe chain Barratts struggling for survival". Business Sale Report. 27 October 2013. Retrieved 2013-10-28.