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Airtours to close 120 of its retail branches in the uk

Airtours<.> plc, Britain`s leading holiday company decided this week to shake-up its distribution chain by closing down…

Airtours<.> plc, Britain`s leading holiday company decided this week to shake-up its distribution chain by closing down 120 of its 840 branches in the UK.



Mr Harris, Airtours retail managing director, blamed duplication between `Going Places` and `Travelworld` brands in the same cities as well his `intention to close down unprofitable shops`.



During the same shake up, there a retail board reshuffle, including the replacement of sales, marketing and retail operation directors.

On announcement of the news on Friday, Airtours price fell by 2.36%.

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