Store Closures
This coverage examines store closure trends within the UK retail sector. Reporting highlights closure drivers—such as lease negotiations, underperformance, and market shifts—impact on regional footfall, staff restructuring, and lease or property plans. Content is tailored for retail directors, operations managers, and property teams managing portfolio optimisation and change strategy.
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Nov- 2025 -25 NovemberDIY
Kingfisher ups guidance as revenues hit £3.3bn
Kingfisher has upped its FY guidance after seeing its revenues improve 1% to £3.3bn. The performance comes as underlying LFL sales rose 0.9% and YTD driven by a strong UK performance with continued market share growth leading to total sales of £1.65bn and LFL sales growth of 3%. Kingfisher said…
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19 NovemberLuxury Goods
Mulberry HY losses narrow as full-price sales lift margins
Mulberry Group has reported that its losses before tax narrowed, from £15.3m to £7.4m, in the 26-week period to 27 September, as the luxury brand pushed ahead with its turnaround strategy and tightened control of costs. The group also maintains that trading remained in line with board expectations during the…
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Oct- 2025 -30 OctoberClothing & Shoes
Superdry returns to FY profit amid restructuring plan
Superdry has returned to profit in FY25 following a restructuring plan that included tight cost control, with pre-tax profits rising to £33.8m, up from a loss of £48.3m the prior year. This was largely driven by over £130m in SG&A savings, targeted cost reductions, and impairment reversals linked to lease modifications. …
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28 OctoberHigh Street
Rates hike threatens 500 big high street outlets, trade bodies warn
UKHospitality and the British Retail Consortium (BRC) have called on the government to exempt hospitality and retail outlets from a proposed business rates surcharge that would apply to 5,000 high street properties with a rateable value above £500,000. The trade bodies warned that around 500 premises could be at risk…
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Sep- 2025 -17 SeptemberHigh Street
The Perfume Shop launches largest Christmas recruitment drive
The Perfume Shop will recruit more than 900 seasonal staff across the UK for Christmas 2025, in what it described as one of its biggest recruitment drives to date. The retailer said it would take on more Christmas sales assistants than in 2024 to meet increased customer demand. Last year,…
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17 SeptemberHigh Street
Poundland halts store closures amid restructuring plan
Poundland has revealed that it has paused its store closure programme after the implementation of its restructuring plan. It has so far announced the closure of 57 stores but has now brought that programme to a conclusion with the remaining 11 closures put on hold. Poundland’s Irvine Rivergate Centre location,…
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Aug- 2025 -21 AugustFeatures
River Island’s predicament: High Court rescue buys time, not certainty
River Island has won a crucial lifeline after a High Court judge sanctioned its restructuring plan, allowing the embattled fashion retailer to push ahead with sweeping store closures, deep rent cuts, and a debt write-off. The ruling came just days before the company warned it would run out of money…
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13 AugustComment
It’s time we had a system that stopped taxing retailers as if it were 1599
Our high streets have had a tough time in recent years – battered by a global pandemic, war, energy shocks and soaring inflation. Yet despite it all, shops have kept going – serving their communities, creating jobs, and showing remarkable resilience. But resilience isn’t a plan for growth, and nostalgia…
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12 AugustHigh Street
Poundland confirms location of 12 further store closures
Poundland has confirmed the locations of a further 12 stores that are set to close under its restructuring plan, taking the total number identified to 52 out of 68. As part of the restructuring plan, 13 stores have already closed, with 15 closures planned for 17 August, and 12 planned…
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12 AugustEconomy
Retail sales up 2.5% in July despite job losses and store closures
Retail sales in the UK rose 2.5% in the four weeks ended 2 August against a growth of 0.5% in July 2024, according to the latest data from the British Retail Consortium (BRC). As part of this increase, food sales rose 3.9% year-on-year in July, beating a tough comparative of…
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