In some rare good news for the high street, footwear retailer tReds has been saved, after it went into administration last month.

The retailer has been acquired by New Gray. The acquisition means all 21 stores, including the one in Gloucester's King's Walk, will remain open, as reported by Retail Gazette.

Peter White, manager of King's Walk, said: "It's good news for the team working in tReds and we are really happy the store remains open in King's Walk."

New Gray has also acquired the store's online business and saved 159 jobs across the company.

Also in King's Walk... Read more: Costa closing in King's Walk, but it will be back and better in 10 days.