Beales news and archive

From New Look to Select Fashion: Inside the retail collapse threatening the UK high street

The UK retail landscape continues to face mounting challenges. Amid rising operational costs, the long-tail impact of the pandemic and ongoing supply chain disruptions, many businesses are navigating an increasingly volatile environment. An uncertain outlook remains for a significant portion of the sector – and the country is on track to see a...

Retail

Beales to close final store after 144 Years, citing Labour budget pressures

Beales, one of Britain’s oldest department store chains, is set to close the last store in its 144-year history, marking the end of an era for the once-prominent high street retailer. The company has launched a dramatic final clearance—dubbed internally the "Rachel Reeves closing down sale"—with discounts of up to 80 percent, blaming the Labour...

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Business

Beales to close all remaining stores as no buyer found

Beales is set to close all its remaining stores after failing to find a buyer for the business. The British department store chain, which began trading in Bournemouth in 1881 and is one of the UK’s oldest, fell into administration last month after struggling with high rents, business rates and poor Christmas trading. Administrators KPMG...

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Business

Beales department store to cut 32 head office jobs

Beales, the department store that began trading in Bournemouth in 1881 and has 23 shops, has announced it will cut 32 head office jobs after it entered into administration. The company announced there will be no immediate store closures as the chain hopes to find a suitable buyer for the business. Accountancy firm KPMG said the joint...

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Business

Beales, one of UK's oldest department stores, falls into administration

Beales, one of the UK’s oldest department stores, has fallen into administration, putting over 1,000 jobs at risk. The department store, which began trading in Bournemouth in 1881, appointed accountancy firm KPMG as administrator on Monday after it failed to find a buyer or additional funding. The chain’s 23 stores will continue to trade and...