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.
-
Apr- 2018 -9 AprilHigh Street
Mothercare latest to consider CVA store closures
Mothercare is reportedly considering the possibility of closing a third of its stores and reducing its rents through a Company Voluntary Arrangement (CVA). According to reports Mothercare would look to close around 47 of its 143 stores if a CVA is agreed with lenders. Mothercare would join a host of…
Read More » -
Mar- 2018 -21 MarchHigh Street
Carpetright prepares for store closures in CVA plan
Carpetright is exploring a possible company voluntary agreement (CVA) which would allow it to to speed up the closure of underperforming stores. The beleaguered flooring retailer has announced it is seeking an insolvency deal to allow it to continue trading while it negotiates rent reductions and debt restructuring. The number…
Read More » -
14 MarchHigh Street
3,000 Toys R Us jobs to go as it confirms ‘controlled store closures’
All UK Toys R US stores are poised to shut down after administrators failed to find a buyer, resulting in a store closure programme and a possible 3,000 job losses. Toys R Us appointed Moorfields Advisory partners Simon Thomas and Arron Kendall to oversee an administration at the end of…
Read More » -
Jan- 2018 -31 JanuaryClothing & Shoes
Hundreds of jobs at risk as M&S announces store closures
Marks and Spencer has announced plans to close 14 of its stores this year in a move which will affect 468 employees. The closures are part of the British retailer’s ‘transformation plan’ aiming to modernise its stores and meet the changing expectations of customers. Six stores will close by the…
Read More »
