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.
-
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. It comes as Quiz is also due to delist from the London Stock Exchange’s AIM market and return to private ownership, following a…
Read More » -
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 “no less than” £5m, down from the previous guidance of £10m. It comes as the high street shoe retailer experienced “very challenging trading conditions” for the first two months of FY25 and the…
Read More » -
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. 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 £30m. An…
Read More » -
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 £165.7m 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. As a result,…
Read More » -
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. The decision follows H&M Group’s financial results which indicated a 87% year-on-year fall in operating profit to £64.5m in the fourth…
Read More » -
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 PwC’s latest Store Openings and Closures report for H1 2022, there were 34 closures, 21 openings, and a…
Read More » -
Apr- 2021 -13 AprilClothing & Shoes
Quiz revenues plummet 66% amid store closures
Quiz has revealed that total revenues plummeted 66% to £39.7m in its FY21 trading update, as the fashion group was impacted by prolonged periods of store and concession closures. The group also cited the pandemic’s “detrimental” impact on demand for its trademark occasionwear, as social events and activities came to…
Read More » -
12 AprilDepartment Stores
John Lewis to suspend store closures
John Lewis has confirmed that it has no plans to close any further stores, according to The Times. Executive director Pippa Wicks insisted the chain will not close any more shops and defended its strategy to date, following news that eight John Lewis sites would not reopen post-lockdown. According to…
Read More » -
8 AprilComment
Why retail store closures don’t have to be bad for business
It is no secret that the retail sector is facing somewhat of a crisis, with a number of leading retail chains – including Arcadia Group, M&Co, Harveys Furniture and Monsoon, amongst others – entering administration or shuttering up for good in the midst of the global pandemic. While for many…
Read More » -
Mar- 2021 -19 MarchClothing & Shoes
Nike global revenues up 3% as online helps offset store closures
Global sportswear giant Nike has revealed that its revenues for the third quarter of the year were $10.4bn (£7.4bn) up 3% compared to the prior year. The retailer revealed that despite a large portion of its store estate in Europe remaining closed during the final two months of the quarter,…
Read More »
