Store Closures
This coverage examines store closure trends within the UK retail sector. Reporting highlights closure driversโsuch as lease negotiations, underperformance, and market shiftsโimpact 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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May- 2025 -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 ยฃ8.1m in the year ended 29 June 2024, up from a loss of ยฃ5.4m the prior year. Full-year sales fell from ยฃ96.5m to ยฃ82.6m over the period, which was a โsatisfactory…
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Mar- 2025 -21 MarchEconomy
Londonโs store closures return to pre-pandemic levels for first time
Five stores closed each day in Greater London in 2024, with four new stores opening, according to the latest data from PwC – resulting in net closures of one store per day. The bi-annual report using data from Green Street, tracks over 200,000 chain outlets in over 3,500 locations to…
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19 MarchHigh Street
New TOFS owner eyes potential CVA and store closures
Modella Capital, the owner of The Original Factory Shop (TOFS), is reportedly working with Interpath Advisory on a potential company voluntary arrangement, according to Sky News.ย Having acquired the retailer four weeks ago with no remaining bank debt, Modella is seeking to restructure the business and is currently โexploring optionsโ.ย …
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Jan- 2025 -20 JanuaryHigh Street
Quiz eyes store closures as costs mount
Quiz is reportedly considering closing up to a third of its 60-location portfolio as a way to cut costs and stabilise the business, according to The Telegraph.ย It comes as Quiz is also due to delist from the London Stock Exchangeโs AIM market and return to private ownership, following a…
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Dec- 2024 -18 DecemberHigh Street
Shoe Zone halves profit guidance and warns of store closures
Shoe Zone has halved its profit expectations for the year to 27 September 2025, downgrading it to โno less thanโ ยฃ5m, down from the previous guidance of ยฃ10m.ย It comes as the high street shoe retailer experienced โvery challenging trading conditionsโ for the first two months of FY25 and the…
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Sep- 2024 -20 SeptemberDepartment Stores
Next warns of store closures if equal pay appeal fails
Next has warned that store closures may be necessary if its appeal against a recent equal pay ruling fails.ย Last month, more than 3,500 current and former Next employees won a six-year legal fight for equal pay, with the total amount payable by the retailer estimated to be over ยฃ30m. An…
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Oct- 2023 -17 OctoberClothing & Shoes
Shoe Zone revenues rise 6.1% in FY23 despite store closures
Shoe Zone group revenues rose by 6.1% to ยฃ165.7m in the year ended 30 September, despite the retailer trading out of 37 less stores than in FY22. The group attributed the increase to strong H2 trading, particularly in peak summer and its key back to school period.ย As a result,…
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Feb- 2023 -1 FebruaryHigh Street
H&M confirms regional UK store closures
Fast fashion retailer H&M has confirmed that it will be closing a number of stores across the UK in Burton, Hartlepool, Maidenhead and Newport on the Isle of Wight.ย The decision follows H&M Groupโs financial results which indicated a 87% year-on-year fall in operating profit to ยฃ64.5m in the fourth…
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Aug- 2022 -30 AugustHigh Street
Store closures drop to lowest rate in seven years
Store closures have stabilised to the lowest rate in over seven years, with 6,146 store closures in H1 2022 (-30%) year-on-year from multiple retail operators, compared to 3,888 openings (+11%). According to PwCโs latest Store Openings and Closures report for H1 2022, there were 34 closures, 21 openings, and a…
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