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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Jul- 2025 -14 JulyHigh Street
Claire’s drafts rescue plan as it faces UK store closures
Jewellery and accessories retailer Claire’s has reportedly brought in advisers to draw up a rescue plan amid fears it may be unable to repay a $480m (£355m) loan that is due in December 2026, according to The Telegraph. The company, which operates nearly 300 shops in the UK and more…
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11 JulyHigh Street
Update: Poundland denies reports of stock shortages
Poundland has denied that it is facing issues to stock certain items following reports major suppliers like Proctor and Gamble and Nestle tightened their credit lines amid uncertainty over the retailer’s future. The retailer called the reports “false” and added that it is has received strong support from suppliers as…
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4 JulyHigh Street
High street sales falter in June as shoppers go online
High street sales growth continued to lag behind inflation in June, as shoppers turned to online retailers, according to new data from BDO. The firm’s latest High Street Sales Tracker showed like-for-like in-store sales in discretionary categories – fashion, homewares and lifestyle – rose by just 0.6% compared to June…
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Jun- 2025 -26 JuneClothing & Shoes
H&M profits fall in Q2 amid rising costs
H&M has seen its operating profits fall to SEK 5.9bn (£465m) in Q2, down from SEK 7.1bn (£560m) the prior year, as the group was hit by higher costs, store closures and lower sales. Over the period, net sales fell from SEK 59.6bn (£4.59bn) to SEK 56.7bn (£4.37bn) despite a…
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23 JuneClothing & Shoes
River Island to shut 33 stores with hundreds of jobs at risk
River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported. The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…
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13 JuneHigh Street
10,000 Wilko workers to get £2m pay out
Almost 10,000 former Wilko workers have been awarded a £2m pay out after the high street retailer failed to properly consult with workers prior to going bust in 2023. It comes as the GMB union said it had won a legal case on behalf of thousands of members who lost…
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9 JuneClothing & Shoes
River Island owners prepare rescue plan amid tough market conditions
High street fashion brand River Island has reportedly appointed advisers from PwC to draft a restructuring plan amid tough trading conditions, which could result in store closures and job losses, according to Sky News. Sources revealed to the outlet that although no definitive decisions have been made about the company’s…
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May- 2025 -22 MayHigh Street
Poundland slashes guidance as H1 sales worsen
Pepco Group, the owner of Poundland, has slashed its full-year guidance for the discount chain as trading remained “challenging” in the first half of the year. Poundland is now expected to deliver underlying EBITDA of around €0m to €20m (£0 – £17m) in FY25, compared with previous guidance of €50m…
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6 MayHigh Street
WH Smith buyer faces year-long ban from mass store closures
The new owner of WH Smith’s high street chain has effectively been banned from enacting widespread store closures for at least 12 months following the acquisition of the chain in March. According to Sky News, WH Smith would have the right to cancel a year-long transitional services agreement (TSA) with…
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Apr- 2025 -8 AprilHigh Street
Clintons returns to FY profit following store closures
Clintons has returned to profit following a period of store closures and job losses, with pre-tax profits rising to £8.1m in the year ended 29 June 2024, up from a loss of £5.4m the prior year. Full-year sales fell from £96.5m to £82.6m over the period, which was a “satisfactory…
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