Sports firm JJB Sports to close stores

Embattled retailer JJB Sports today announced plans to shut 45 stores and said another 50 were in danger of closure as it moves to shore up its finances.

The company, which currently employs 6,300 staff in more than 250 stores, said it was seeking a fresh rent deal with landlords under a company voluntary arrangement (CVA) which will enable it to go ahead with the store closures.