Empirestores regrets that it is to cease trading (under the current ownership of Redcats UK) in July 2008 following declining year on year sales. Redcats UK says that the business has been hit by the rapid growth of value retailers on the High Street as well as rival online firms and the credit squeeze. The decline in sales has generated losses with no prospects of recovery in a declining agency market. The closure has resulted in up to 850 job losses.
Redcats UK is to concentrate focus on developing its direct home shopping operations through its existing brands of La Redoute, VertBaudet and Daxon as well as new online projects.