Store closures news and archive

Scottish indie Attic Clothing shutters after 24 years

Long-standing Aberdeen indie store Attic Clothing has announced it will be shuttering after 24 years. The company announced the news on its Instagram page, where it said the decision came with “mixed emotions”. “This decision was not made lightly, but as we turn the page to a new chapter, we want to take a moment to thank each and every one of...

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FatFace confirms US store closures as digital pivot comes into focus

British brand FatFace has shuttered its 23 stores across the US as it moves towards a digitally-focused approach amid a challenging market. Rising costs were said to be the driving force behind the closures, as the physical store model was deemed to no longer be viable in the US. Despite this, the brand has confirmed an intention to move to an...

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British landlord appoints lawyers as Poundland and River Island plot store closures

British Land, a commercial property company, has reportedly appointed lawyers to look into the rescue deals of struggling high street chains Poundland and River Island. The firm is said to have been instructed by Hogan Lovells to seek further information on the restructuring plans for the two retailers, according to Sky News, to which British...

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River Island to close 33 stores, putting hundreds of jobs at risk amid restructuring

British high street stalwart River Island has announced plans to close 33 of its 230 UK stores, a move that puts hundreds of jobs in jeopardy as it seeks to restructure its operations in response to shifting consumer habits and rising costs. As reported by the BBC, the company is also negotiating rent reductions across a further 71 locations....

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Forever 21 expected to close all 354 US stores on May 1

Forever 21 is officially shutting its doors. The fast fashion retailer is believed to be preparing to close all of its 354 US stores today, May 1. This is according to court documents obtained by USA Today. The company’s operator, F21 OpCo, had been given until April 30 to find a buyer for the brand, however, no such party has stepped forward....

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Frank and Oak brings forward US store closures amid tariff ‘uncertainty’

Canadian retailer Frank and Oak has confirmed plans to close all of its stores across the US as part of an ongoing liquidation process. In a statement on its website, the company said operations in the region will shutter by the end of April 2025. This is an earlier date than planned. According to Frank and Oak, the shuttering “was moved up due...

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Select Fashion set to close 12 stores across the UK following CVA filing

High street fashion retailer Select Fashion is believed to be closing 12 of its branches over the next two months, almost one year on from its entry into a Company Voluntary Arrangement (CVA). Impacted stores are said to be primarily in the North of England, according to The Sun, which reported that it had seen documents revealing that staff at...

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UK: Nearly 13,500 retail stores closed in 2024, independents hit hardest

New figures have shown that 13,479 retail stores across the UK closed for good over the course of 2024, an increase of 28 percent on levels from the year prior, according to provisional data from the Centre for Retail Research. This reflected a rate of around 37 store closures a day. Almost half of the yearly figure–7,537 in total–shuttered...

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Ted Baker to close all UK stores this week as Frasers talks halt

After a period of reported back-and-forth, it is now believed that talks between Mike Ashley’s Frasers Group and Ted Baker parent company Authentic Brands Group have stalled. The news comes ahead of the imminent closure of Ted Baker’s remaining 31 stores in the UK, which are set to shutter this week. Frasers’ name first came into circulation...

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Ted Baker is closing North American stores amid bankruptcy proceedings

All Ted Baker stores in the North American region are reportedly preparing to close after the British retailer filed for bankruptcy last month. It is believed that 31 of its US stores and nine of its Canada-based stores are to shutter, while both regions are also no longer able to shop via the brand’s online website. This comes shortly after the...

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House of Fraser to shutter two more locations

Frasers Group has reportedly confirmed that two of its House of Fraser locations are set to close in the coming month, one of which is to do so next week. The retailer is preparing to shutter its Solihull space on August 28, while its store in Guildford is also planning to close its doors on September 30. According to various media reports,...

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Britain loses 6,000 retail outlets in five years amid ‘crippling’ rates

A new report by the British Retail Consortium (BRC) and the Local Data Company (LDC) has revealed that Britain has lost 6,000 retail outlets in the past five years due to “cripping business rates and the impact of covid lockdowns”. The North and Midlands were the most impacted, seeing the highest amount of empty storefronts, while London’s...