Britain’s retail apocalypse: why your favourite stores KEEP closing down
Many have had to grapple with small budgets and consequently chose to close stores to cut costs.is closing just one store this month but the branch has played a key role in its local community for years.The store, which was John Lewis's flagship store for 40 years, was taken over by M&S in 2021.
High energy costs and a move to shopping online are also taking a toll, and many high street shops have struggled to keep going.- Clintons mulled plans to close 38 shops in a bid to avoid insolvency late last year. We've listed the- The caffeine giant has around 2,000 sites nationwide, so chances are you'll have one near you. The chain has shut the doors to dozens of its sites recently. We've revealed whichacross the country in a blow for shoppers.
"Retailers themselves have suffered increasing energy and occupancy costs, staff shortages and falling demand that have made rebuilding profits after extensive store closures during the pandemic exceptionally difficult."
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Ted Baker to close Nottingham store as brand falls into administrationDesigner clothing shop Ted Baker is set to close its Nottingham store this month after the brand fell into administration. The luxury clothing brand entered administration last month, when No Ordinary Designer Label (NODL), owned by Authentic Brands Group (ABG) and trading as Ted Baker, appointed consulting firm Teneo to oversee the process. The administrators have now confirmed the brand's only standalone Nottinghamshire location, which is on Bridlesmith Gate in Nottingham city centre, will be closed within the next two weeks. In total across Ted Baker's UK 86 stores, 145 redundancies are now expected to be made, with 120 store staff alongside 25 head office roles set to go. All 11 of the closing stores are expected to be permanently shut by Friday, April 19. The brand's entire store portfolio has been "loss-making" and administrators say the sites have no prospect of being returned to profitability, even with material rent reductions. Poll: How worried are you about Nottingham City's Council budget proposals? The locations of all the confirmed closures are listed below: In addition to the 11 branches ready to be shut down, four more will follow in the coming months. These stores had notices served before Ted Baker fell into administration, resulting in 100 more redundancies. The branches affected are: To try and make things a little easier, we have now launched a new WhatsApp community to bring you the latest news and headlines straight to your phone
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Ted Baker's Nottingham store to close this month after administrationMore than 10 of the luxury clothing brand's UK stores are set to shut for good by the end of next week
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Ted Baker: Leeds residents 'heart broken' and shocked at announcement Victoria Quarter store to closeLeeds residents have reacted with shock and concern at the news that the Ted Baker store in the city is set to close.
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Ted Baker to Close Liverpool ONE StoreTed Baker's Liverpool ONE store is set to close after more than a decade, resulting in job cuts and closures of other stores.
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Iconic British brand Ted Baker announces 15 stores to shut within just days after plunging into...The administrator of the company behind fashion chain Ted Baker has announced the closure of 15 stores across the UK, resulting in about 245 redundancies.
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Ted Baker to Close 15 Stores and Cut 245 Jobs in the UKIconic British brand Ted Baker is to shut 15 stores across the UK and cut around 245 jobs after plunging into administration.
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