{"id":7156,"date":"2019-02-05T20:36:40","date_gmt":"2019-02-05T20:36:40","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/brighthouse-to-shut-30-shops-and-cut-350-jobs\/"},"modified":"2019-02-05T20:36:40","modified_gmt":"2019-02-05T20:36:40","slug":"brighthouse-to-shut-30-shops-and-cut-350-jobs","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/brighthouse-to-shut-30-shops-and-cut-350-jobs\/","title":{"rendered":"Brighthouse to shut 30 shops and cut 350 jobs"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Woman buying television\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/B1ED\/production\/_105494554_telly.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Brighthouse is shutting 30 of its shops at a cost of 350 jobs amid tough conditions on the High Street and a clampdown on rent-to-own retailers. <\/p>\n<p>The company is closing about 10% of its estate which will take place over the next two months.<\/p>\n<p>Brighthouse, which employs about 3,000 people, said it had informed staff.<\/p>\n<p>A spokesman said: &#8220;We are working to redeploy as many people as possible into alternative roles but redundancies will be inevitable.&#8221;<\/p>\n<p>In its most recent results for the six months to 29 September, Brighthouse reported a rise in pre-tax losses to \u00a322.1m from \u00a319.9m in the comparable period.<\/p>\n<p>Meanwhile, the Financial Conduct Authority (FCA) last year announced plans to cap the amount of interest that rent-to-own retailers charge customers.<\/p>\n<figure class=\"media-landscape no-caption body-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<h2 class=\"story-body__crosshead\">List of Brighthouse stores set for closure:<\/h2>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\">Aylesbury<\/li>\n<li class=\"story-body__list-item\">Basingstoke<\/li>\n<li class=\"story-body__list-item\">Bognor Regis<\/li>\n<li class=\"story-body__list-item\">Bromley<\/li>\n<li class=\"story-body__list-item\">Cowley<\/li>\n<li class=\"story-body__list-item\">Dunstable<\/li>\n<li class=\"story-body__list-item\">Eccles<\/li>\n<li class=\"story-body__list-item\">Gravesend<\/li>\n<li class=\"story-body__list-item\">Haverfordwest<\/li>\n<li class=\"story-body__list-item\">High Wycombe<\/li>\n<li class=\"story-body__list-item\">Leeds Merrion<\/li>\n<li class=\"story-body__list-item\">Macclesfield<\/li>\n<li class=\"story-body__list-item\">Maidstone<\/li>\n<li class=\"story-body__list-item\">Newark<\/li>\n<li class=\"story-body__list-item\">Newport (IOW)<\/li>\n<li class=\"story-body__list-item\">Nuneaton<\/li>\n<li class=\"story-body__list-item\">Perth<\/li>\n<li class=\"story-body__list-item\">Rugby<\/li>\n<li class=\"story-body__list-item\">Scarborough<\/li>\n<li class=\"story-body__list-item\">Seaham<\/li>\n<li class=\"story-body__list-item\">Selby<\/li>\n<li class=\"story-body__list-item\">Southport<\/li>\n<li class=\"story-body__list-item\">Stafford<\/li>\n<li class=\"story-body__list-item\">Stirling<\/li>\n<li class=\"story-body__list-item\">Thetford<\/li>\n<li class=\"story-body__list-item\">Trowbridge<\/li>\n<li class=\"story-body__list-item\">Watford<\/li>\n<li class=\"story-body__list-item\">Weymouth<\/li>\n<li class=\"story-body__list-item\">Whitehaven<\/li>\n<li class=\"story-body__list-item\">Yeovil<\/li>\n<\/ul>\n<figure class=\"media-landscape no-caption body-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>Rent-to-own customers make monthly payments on a product such as a cooker or a television until they have paid in full.<\/p>\n<p>However, the price of the household appliance can soon mount up because of interest rates that can reach 99% a year.<\/p>\n<h2 class=\"story-body__crosshead\">New rules<\/h2>\n<p>The FCA has ruled that from April, the maximum interest paid will be no more than the cost of the product itself. So, if a fridge costs \u00a3200, customers will pay no more than \u00a3400.  <\/p>\n<p>The price of the goods themselves will also be cut to no more than the median &#8211; the middle price &#8211; of three mainstream retailers.<\/p>\n<p>Commenting on the closures, a spokesman for Brighthouse said: &#8220;We will be speaking to all customers affected by the store closures and either transferring them to another local store or serving them online. <\/p>\n<p>&#8220;We&#8217;re also introducing PayPoint, allowing customers to pay BrightHouse in cash at 28,000 locations across the UK.&#8221;<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-47135309\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Brighthouse is shutting 30 of its shops at a cost of 350 jobs amid tough conditions on the High Street and a clampdown on rent-to-own retailers. The company is closing about 10% of its estate which will take place over the next two months. Brighthouse, which employs about 3,000 people, said &hellip; <\/p>\n","protected":false},"author":0,"featured_media":7157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=7156"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/7157"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}