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...
11 Feb 2025
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...
2 Jan 2025
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...
19 Aug 2024
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...
23 May 2024
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,...
24 Aug 2023
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...
28 Jul 2023
The number of stores closed in the UK reached a five-year high as more than 17,000 shut their doors in 2022. According to a report from the Centre of Retail Research (CRR), one in five physical stores in the UK closed within the last five years. The number included 14,583 in 2018 and increased to 17,145 last year. The industry has been in crisis...
5 Jan 2023
The shopping mall may not be dead, but that hasn’t dented the number of retail stores expected to close over the next five years. Between 40,000 and 50,000 shops could be shuttered, according to figures from Swiss investment bank UBS. The outlook is slightly better than during the pandemic, when 80,000 stores were expected to close, but the high...
14 Apr 2022
Pink Shirtmaker has reportedly closed its flagship store on Jermyn Street in London. The LVMH-owned brand reopened its store when the UK’s lockdown was lifted on 15 June but has now closed it permanently, according to This Is Money. The future of its two stores at Heathrow are also reportedly uncertain. The shirtmaker, previously called Thomas...
3 Aug 2020
As many as 20,620 UK stores could never reopen and 235,714 retail jobs could be lost after the country’s Covid-19 lockdown is lifted, experts say. On Monday evening, prime minister Boris Johnson ordered the closure of all ‘non-essential’ stores, including fashion and electrical stores, in a bid to curb the growth of the coronavirus pandemic. But...
26 Mar 2020
In July the Arcadia Group announced it would close 50 of its portfolio stores, including the once high street untouchables Topshop and Dorothy Perkins. But the news hardly came as a surprise, as announcements of store closures, bankruptcies and companies going into administration are regular occurrences. See Karen Millen, Coast, House of Fraser,...
31 Oct 2019
Debenhams has received U.K. High Court approval that will allow the company to shut stores and cut jobs, according to reports. The company will go ahead with its plans for a company voluntary arrangement that will allow the company to close 22 of its least profitable stores and slash rents on more than 100 outlets. The plans will put 1,200 jobs...
19 Sept 2019
