The closing shop chains thread...

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Re: The closing shop chains thread...

Postby dutchman » Sun Oct 04, 2020 3:42 pm

Cineworld future in doubt after 007 delay

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Britain's largest cinema chain could reportedly close this week with Cineworld said to be considering shutting all 128 theatres nationally.

The move could affect theatres in Rugby and Solihull and put 5,500 jobs at risk across the UK and Ireland.

Bosses at the chain are reportedly considering writing a letter to the Prime Minister and Culture Secretary Oliver Dowden, saying the industry has become “unviable” after film studios postponed major releases.

The chain has a theatre at Junction One Retail Park in Rugby and in Solihull at the Touchwood.

The new James Bond movie has been delayed until spring, removing a lifeline that it was hoped would have attracted audiences back after cinemas reopened with enhanced hygiene measures following the Covid-19 shutdown.

Plans to close all UK sites as soon as this week are also being drawn up, according to sources who spoke to The Sunday Times.

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Re: The closing shop chains thread...

Postby dutchman » Thu Oct 08, 2020 7:05 pm

ASK restaurant waves goodbye as Covid continues to devastate high street

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An ASK Italian restaurant that had occupied a prime slice of Leamington town centre has become the latest branch in the region to be confirmed permanently closed by the chain.

The parent company expressed “deep sadness” at saying farewell to the town this week.

Although the doors were temporarily closed in March, Azzurri Group confirmed that the Italian eaterie will not be reopening.

The decision has been taken due to the “profound impact” of the crisis on the casual dining sector.

After ASK Leamington announced its temporary closure during the first wave of coronavirus, customers responded with floods of supportive messages.

Lizzie Mead wrote: "Well done Ask, brave and strong. I had five amazing years with you all, countless amazing family meals out since and still feel part of your family. Be strong everyone, this will all be over one day and we will want to eat in amazing restaurants so be ready!"

The group, which also owns Zizzi restaurants and Coco di Maria food-to-go outlets, announced in June that it would be closing 75 branches nationally, with the loss of more than 1,000 jobs.

The business was bought out of administration in June by investment management firm TowerBrook Capital Partners, saving around 225 sites.

But the branch in Clarendon Avenue and another in Warwick are among those that will not be reopening.

A Zizzi restaurant in Kenilworth closed in August.

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Re: The closing shop chains thread...

Postby rebbonk » Fri Oct 16, 2020 2:48 pm

NEC Group to axe 450 jobs

NEC Group is set to make around 450 people redundant after announcing a major restructure.

The events giant will axe 55% of its permanent roles after being hit hard by the Covid-19 crisis which has let it unable to host any large-scale event since March.

The 45-year-old Group generated pre-pandemic annual revenues of approximately £160m, employing up to 2,200 full-time, part-time and occasional workers in largely event-driven roles.


Source and full details:https://www.thebusinessdesk.com/westmidlands/news/2045319-nec-group-to-axe-450-jobs
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Re: The closing shop chains thread...

Postby dutchman » Tue Oct 20, 2020 1:43 am

Coronavirus drives shop closures to new record

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A record number of shops closed on UK high streets during the first half of this year as the coronavirus lockdown hit many stores hard, data shows.

Some 11,120 chain store outlets shut between January and June, according to research by the Local Data Company and accountancy firm PwC.

Although more than 5,000 shops opened during the same period it was not enough to fill the gaps, resulting in a net decline of 6,001 stores.

The final total could even be higher.

Researchers did not count outlets that had yet to reopen after the coronavirus lockdown ended. Many never will.

The data includes shops, hospitality chains, and services such as post offices and banks, but it does not include small independent businesses.

High streets were already experiencing upheaval long before the pandemic struck.

Shops were closing at an average rate of 16 per day in 2019, according to the Local Data Company, which tracks vacancies rates.

But the pandemic is turbo-charging change as more people shop online.

Whilst many city centres remain quiet, the pandemic has prompted something of a resurgence in local high streets with people increasingly wanting to shop locally if they're working from home.

Lisa Hooker, consumer markets leader at PwC, says amid the turmoil, there continues to be a steady flow of openings: "With the continued roll out of value retailers, the boom in takeaways and pizza delivery shops and demand for services that can still only be delivered locally, such as tradesmen outlets, building products or locksmiths, shows that despite the stark numbers there remains a future for physical stores.

:bbc_news:
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Re: The closing shop chains thread...

Postby rebbonk » Fri Oct 23, 2020 11:12 pm

MOD Pizza restaurant fails

A city centre restaurant is up for rent after MOD Pizza closed for good.

MOD Pizza was a popular arrival to the Cathedral Lanes retail space when it arrived in the city centre in 2019.

It offered customers the chance to loads up on as many toppings as they wanted for as little as £7.87 and the chefs cooked it in front of you.

The retail space in Cathedral Lanes is now listed as being available to rent.

The MOD Pizza restaurant had never reopened its doors following the UK lockdown in March.

According to Companies House, MOD Pizza UK has entered administration, with liquidators at Campbell Crossley & Davis appointed.

Brought to market by Savills, the unit is described as being a "fully fitted restaurant unit".

It is described as being "a prominent location facing on to Broadgate Square ".

It is not known what the asking price or rental costs for the unit are - with these figures only available to interested parties.

Prior to its closure, MOD Pizza offered a super-fast pizza experience where people can choose from an array of pizzas.

They also sold classic shakes in a variety of flavours as well as bottles of prosecco and beer.

MOD Pizza has been contacted for comment.


Source:https://www.coventrytelegraph.net/news/coventry-news/cathedral-lanes-unit-up-rent-19154660
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Re: The closing shop chains thread...

Postby dutchman » Sat Oct 24, 2020 12:24 am

Think I'll pass on that one!

There's supposed to be a boom in takeaways yet one has been lying vacant in Minster Road (just off the Holyhead Road) for as long as I can remember. It was once a thriving fish & chip shop but changed ownership and became a curry house before closing.
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Re: The closing shop chains thread...

Postby dutchman » Sat Oct 24, 2020 6:52 pm

Nuneaton town centre is set to lose another two shops

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Sale and closing signs are in the windows of 'Bags R Us' and Peacocks in the Abbeygate Shopping Centre.

The national name and the local independent have both been in the shopping centre for years.

But they appear to be the latest to fall victim to the coronavirus crisis.

They are the latest to leave the shopping centre.

'Pear of Plums' the town centre's only dedicated greengrocers also closed its doors.

The family run firm has now moved to the heart of 'The Green in Attleborough.

A question mark also hangs over the future of the Argos store.

It has yet to re-open following lockdown.

Coventry Live has made repeated attempts to find out if it will re-open and, at the last time of asking, the firm said it was going through a 'phased re-opening' of its stores.

A sign remains onthe window that it is temporarily closed and customers can use the click and collect service at the nearby Sainsburys.

Poundland has confirmed it is closing its Queens Road-based store at the end of the month. All of the stock is being moved to the Market Place-based store, which is remaining open.

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Re: The closing shop chains thread...

Postby dutchman » Sat Oct 24, 2020 6:54 pm

Where will all the shoplifters in Nuneaton go now? :rolling:
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Re: The closing shop chains thread...

Postby rebbonk » Thu Nov 19, 2020 7:44 pm

Just confirmed on the early evening news, Peacocks and Jaeger have entered administration after failing to find a buyer.
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Re: The closing shop chains thread...

Postby dutchman » Fri Nov 27, 2020 5:02 pm

Topshop owner Arcadia on brink of collapse

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Sir Philip Green's retail empire Arcadia, which includes Topshop, Burton and Dorothy Perkins, is understood to be on the brink of collapse.

Sir Philip had been in talks with potential lenders about borrowing £30m to help the business through Christmas.

However, these talks have failed and administrators could be appointed on Monday, putting 13,000 jobs at risk.

Arcadia said the pandemic "has had a material impact on trading across our businesses".

"As a result, the Arcadia boards have been working on a number of contingency options to secure the future of the group's brands. The brands continue to trade and our stores will be opening again in England and the Republic of Ireland as soon as the government Covid-19 restrictions are lifted next week," it said.

"Arcadia would be the biggest British corporate collapse of the pandemic if it does enter voluntary liquidation," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

"It would hollow out huge swathes of the High Street, if its huge footprint of stores were forced to close."

If administrators are called in, the shops will continue to trade as buyers for the company - or more likely its well-known brands - are lined up for sale. Arcadia currently has about 500 shops.

:bbc_news:
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