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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Sep- 2018 -21 SeptemberClothing & Shoes
House of Fraser decline leads to French Connection store closures
French Connection has announced it will be shuttering more of its stores following the closure of two under-performing branches in the last six months. The fashion retailer blamed the decline of House of Fraser and poor high street footfall on the fresh closures, and lost £15m in the six months…
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Aug- 2018 -24 AugustClothing & Shoes
Victoria’s Secret plans 20 store closures
Victoria’s Secret has announced plans to close 20 stores, the retailer has already closed six North American stores and has announced it intends to close 14 more stores in undisclosed locations. When asked if closures would affect UK stores by Retail Sector, the company failed to provide a response. The…
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6 AugustDepartment Stores
House of Fraser able to proceed with store closures after legal row ends
House of Fraser has settled its legal row with landlords meaning it can proceed with plans to close 31 of its 59 stores. Landlords had previously argued that slashing rents to support the department store’s rescue plan was unfair. The department store said it was “focused on concluding discussions with…
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Jul- 2018 -19 JulyHigh Street
Store closures lead to slump in demand for retail space
New research has found that 70% of chartered surveyors in London saw a notable slump in demand for retail space over the last quarter, in light of recent closures by Poundworld and M&S. The research by the Royal Institution of Chartered Surveyors (RICS) said that demand for retail space is…
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12 JulyHigh Street
Usdaw calls for ‘proper’ staff representation amid M&S store closures threat
Shopworkers’ trade union Usdaw has renewed its call for recognition as the union for M&S staff, after the company’s chairman “refused to rule out further store closures and job losses”. The group urged M&S management to abandon its “long-held resistance” to allowing Usdaw to represent the staff, and…
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11 JulyDepartment Stores
M&S warns of further store closures and job cuts
M&S bosses have warned of further store closures and job cuts in meetings at the company’s AGM, which took place yesterday (11 June). The department store chain’s chairman, Archie Norman, told shareholders: “I can’t tell you it won’t be the last”, when speaking about the recent closures at the department…
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10 JulyHigh Street
Deloitte announces first wave of Poundworld store closures
Deloitte, which is handling the administration of Poundworld, has announced the closure of 25 stores resulting in around 242 staff redundancies. Administrators said the decision will not impact on the potential sale of the remaining business, which will include a significant number of stores, the head office and distribution centre.…
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9 JulyHigh Street
Mothercare adds 10 store closures to CVA after Childrens World administration
Mothercare has earmarked another 10 stores for closure as part of its CVA bringing the total to 60 stores, after the group’s Childrens World division entered administration. The new store closures mean that up to 900 jobs will be lost by June 2019. The news comes after the CVA proposal…
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Jun- 2018 -20 JuneHigh Street
EXCLUSIVE: Starbucks says ‘no UK store closures’ after US announcement
Starbucks’ recent US store closures announcement “does not affect” its UK stores, Retail Sector has learned. The clarification comes days after the US business said it would increase its store closure rate to 150 amid weak sales forecasts and a falling share price. Historically the company closes 50 underperforming stores…
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May- 2018 -15 MayClothing & Shoes
Mothercare to speed up store closures and job cuts
Mothercare have announced they are set to speed up the closure of stores and cutting of jobs, in order to attract fresh funds from investors. The baby store chain confirmed to media that it was launching an equity fund as part of a restructuring and refinancing package. The new strategy…
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