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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Mar- 2020 -23 MarchHigh Street
H.Samuel announces temporary store closures amid Covid-19 virus outbreak
High street jewellery store H. Samuel has announced the temporary closure of all its stores amid the recent outbreak of the Covid-19 virus. The retailer announced all store closures will take effect from today (Monday 23 March) but its website will be “open as usual.” In a statement, the retailer…
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Jan- 2020 -6 JanuaryDepartment Stores
Debenhams announces 19 store closures
Debenhams has announced the closure of 19 of its UK stores, resulting in 660 job losses. The department store, which entered administration in April last year, launched its CVA in the same month. The closures are due to take place during the next fortnight, with stores closing from 11 January,…
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Sep- 2019 -11 SeptemberHigh Street
Store closures hit record levels in the first half of 2019
The number of stores closing down in the first six months of the year has reached its highest levels, with 2868 closures recorded for the period. An average of 16 stores a day shut their doors, according to research by the Local Data Company (LDC) and accounting firm PwC. The…
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May- 2019 -20 MayDepartment Stores
M&S speeds up store closures
Marks and Spencer has announced it is to speed up its store closure plans by two years, as it looks to close 100 stores by 2020. The announcement comes as chairman Archie Norman and chief executive Steve Rowe prepare to unveil another slump in annual profits on Wednesday, according to…
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Apr- 2019 -4 AprilHealth & Beauty
Boots facing possible store closures
Health and beauty retailer Boots may be forced to close some of its stores after parent company Walgreens Boots Alliance experienced a “disappointing quarter”. In its Q2 results, the company’s international retail pharmacy results showed that sales decreased 1.2% on a constant currency basis, mainly due to a 1.3% decline…
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Mar- 2019 -28 MarchClothing & Shoes
Arcadia ‘draws up list of 67 store closures’
Arcadia has listed 67 stores it wishes to close across all of its brands, the Financial Times has reported. As seen by the publication, stores of varying sizes across the UK and Ireland with a total annual rent of £11m are set to be shut. These include Burton, Topshop, Evans,…
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Jan- 2019 -15 JanuaryHigh Street
M&S store closures to affect 1,045 jobs
Marks and Spencer has confirmed 17 stores which are set to close within its plans to shutter over 100 stores to “reshape” its estate and become more relevant to customers. These closures are expected to affect 1,045 jobs and the retailer said it will enter a period of consultation with…
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Dec- 2018 -12 DecemberClothing & Shoes
Superdry mulls store closures as profits drop 49%
Fashion retailer and brand Superdry has issued a profit warning after pre tax profits fell 49% to £12.9m in the 26 weeks to 27 October 2018. Group revenue was up 3.1% to £414.6m in FH19 compared with £402m in the first half of 2018. With regards to its outlook the…
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Nov- 2018 -13 NovemberDepartment Stores
House of Fraser could see ‘significant’ number of further store closures
House of Fraser is set for a “significant” number of further store closures after landlords reportedly refused to agree to owner Mike Ashley’s new leasing terms. According to the Sunday Times, the Sports Direct boss met with agents at retail estate agency CBRE last week to discuss the stores to…
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9 NovemberHigh Street
Gap between retail closures and openings continue to widen, says PwC
A combination of growth in online shopping, shift to in-home leisure, heightened restructuring activity and ongoing digitisation of services has seen the half-year net reduction in stores on Britain’s high streets reach record levels, according to PwC. According to research compiled for PwC by the Local Data Company (LDC) a…
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