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Another casualty of weak economy: Cross Trainer enters business rescue

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The business owners struggled to maintain payments to some of the 67 stores they own.

Popular sportswear retailer the Cross Trainer has entered a business rescue due to financial stress. Picture: Menlyn Park Mall website.

However, former employees of the retailer said difficult times have already begun for them as they were not informed about the decision of the business being rescued. “People arrived at the shop and we were told the shop will close, then the next day we were told that we are being retrenched.” Nell said they will look into the employees’ complaints while they find a way forward to ensure that they get the Cross Trainer stores back on their feet.previously reported the three businesses

 

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Yet another major company in South Africa enters business rescueSports retailer Cross Trainer has entered business rescue, joining a growing list of high-profile companies in distress.
Source: BusinessTechSA - 🏆 24. / 61 Read more »