Oddbins closes storesThis article was originally published in Foodnews
UK WINE retailer Oddbins is closing 39 of its 128 stores due to cashflow problems. The company has struggled amid lower consumer confidence and increased competition from supermarkets. A statement from the company said: "Due to the tough economic climate, the business is being restructured, with the result that 39 branches across the UK will be closed over the coming weeks. The staff have been informed."