A major high street retailer has had to close 133 stores and sell 20 remaining outlets this week. Many attempts to restructure the business at JJB Sports failed. The administrators, KPMG, said they had kept on 167 members of staff to assist them and that all those made redundant have had their arrears of wages and holiday entitlements paid in full. A statement from KPMG said: “Unfortunately a buyer could only be found for 20 stores on a going-concern basis.”