Up to half JJB stores to close

JJB Sports, once the biggest sports retailer in Britain and Ireland, is to appoint administrators.

Five years ago, JJB’s shares were worth £10 but yesterday the stock was suspended.

The group will appoint KPMG as administrators in the next few days. Up to half of its 180 stores are expected to close, threatening many of the 4,000 jobs at the firm.