Store closures news and archive

How five German cities are fighting to save their Galeria stores

Mayors of five Bavarian cities are appealing to the state government to help save local branches of struggling department store chain Galeria from closure, according to German press agency dpa. A position paper from the cities of Aschaffenburg, Würzburg, Bayreuth, Memmingen and Munich states that the government must "clearly represent" the...

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Australia’s Peter Alexander closes UK stores

Australian fashion brand Peter Alexander has announced the closure of its stores in the UK in response to the “continued negative outlook” of the region and “sustained difficult trading conditions”. The news was confirmed by its parent company Premier Retail, which said the brand’s three existing bricks-and-mortar stores in Bluewater, Stratford...

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JD Sports closes Hip stores, moves brand online

JD Sports has officially closed all physical stores of Hip as it removes the premium streetwear multibrand retailer from high streets and pivots towards an online-only model. The brand’s remaining two stores in Manchester and Leeds closed at the end of June, bringing to an end nearly four decades of physical retail. Hip was established in 1987...

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FatFace confirms US store closures as digital pivot comes into focus

British brand FatFace has shuttered its 23 stores across the US as it moves towards a digitally-focused approach amid a challenging market. Rising costs were said to be the driving force behind the closures, as the physical store model was deemed to no longer be viable in the US. Despite this, the brand has confirmed an intention to move to an...

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Frank and Oak brings forward US store closures amid tariff ‘uncertainty’

Canadian retailer Frank and Oak has confirmed plans to close all of its stores across the US as part of an ongoing liquidation process. In a statement on its website, the company said operations in the region will shutter by the end of April 2025. This is an earlier date than planned. According to Frank and Oak, the shuttering “was moved up due...

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Select Fashion set to close 12 stores across the UK following CVA filing

High street fashion retailer Select Fashion is believed to be closing 12 of its branches over the next two months, almost one year on from its entry into a Company Voluntary Arrangement (CVA). Impacted stores are said to be primarily in the North of England, according to The Sun, which reported that it had seen documents revealing that staff at...

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UK: Nearly 13,500 retail stores closed in 2024, independents hit hardest

New figures have shown that 13,479 retail stores across the UK closed for good over the course of 2024, an increase of 28 percent on levels from the year prior, according to provisional data from the Centre for Retail Research. This reflected a rate of around 37 store closures a day. Almost half of the yearly figure–7,537 in total–shuttered...

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Ted Baker to close all UK stores this week as Frasers talks halt

After a period of reported back-and-forth, it is now believed that talks between Mike Ashley’s Frasers Group and Ted Baker parent company Authentic Brands Group have stalled. The news comes ahead of the imminent closure of Ted Baker’s remaining 31 stores in the UK, which are set to shutter this week. Frasers’ name first came into circulation...

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Ted Baker is closing North American stores amid bankruptcy proceedings

All Ted Baker stores in the North American region are reportedly preparing to close after the British retailer filed for bankruptcy last month. It is believed that 31 of its US stores and nine of its Canada-based stores are to shutter, while both regions are also no longer able to shop via the brand’s online website. This comes shortly after the...

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House of Fraser to shutter two more locations

Frasers Group has reportedly confirmed that two of its House of Fraser locations are set to close in the coming month, one of which is to do so next week. The retailer is preparing to shutter its Solihull space on August 28, while its store in Guildford is also planning to close its doors on September 30. According to various media reports,...

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Britain loses 6,000 retail outlets in five years amid ‘crippling’ rates

A new report by the British Retail Consortium (BRC) and the Local Data Company (LDC) has revealed that Britain has lost 6,000 retail outlets in the past five years due to “cripping business rates and the impact of covid lockdowns”. The North and Midlands were the most impacted, seeing the highest amount of empty storefronts, while London’s...

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UK store closures reach five-year peak

The number of stores closed in the UK reached a five-year high as more than 17,000 shut their doors in 2022. According to a report from the Centre of Retail Research (CRR), one in five physical stores in the UK closed within the last five years. The number included 14,583 in 2018 and increased to 17,145 last year. The industry has been in crisis...