'Perfect storm' leads to Nasons consultation
Canterbury independent furniture retailer Nasons is undertaking a consultation with staff over the future of the business.
‘The retail market is going through unprecedented change and the challenges for Nasons have continued throughout the year. Along with other high street names, Nasons has been hit by a perfect storm of increasing costs, rising business rates and fierce competition which is hitting sales,’ says Andrew Nason, Nasons chairman.
‘It is a brutal environment and despite the best efforts of everyone at Nasons, the company is facing an uncertain future. These consultations will look to explore every option and to hear from every member of staff. All ideas are welcome and no conclusions have yet been drawn.’
It has appointed business and financial advisers Kreston Reeves.
Founded in 1929 ,the company has a department store in the city centre, which it has occupied since 1962, and a furniture outlet on Wincheap Industrial Estate.