The closing shop chains thread...

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Re: The closing shop chains thread...

Postby dutchman » Sun Feb 21, 2021 7:04 pm

John Lewis to close more stores

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The John Lewis Partnership is preparing to close another raft of department stores as chairwoman Dame Sharon White takes more drastic measures to slash costs.

Up to eight John Lewis stores could be shut permanently, with the chain’s bigger, older shops thought to be most at risk. The final number of closures is yet to be determined as it is subject to negotiations with landlords. In some instances John Lewis may close a store but relocate to a smaller property nearby.

The plan marks another traumatic development for the partnership as it battles to shore up its stretched finances. John Lewis announced eight store closures last July, eliminating 1,300 roles, and is in the process of cutting a further 1,500 jobs at head office. The July closures included its Birmingham flagship in the Grand Central centre, opened in 2015 by former managing director Andy Street, now West Midlands mayor.

John Lewis currently has 42 stores. An announcement on the latest cull, which could shrink the estate to as few as 34 shops, is expected before, or alongside, the mutual’s annual results on March 11. John Lewis declined to comment.

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Re: The closing shop chains thread...

Postby dutchman » Fri Mar 05, 2021 8:33 pm

Frasers Group warns of store closures after 'near worthless' budget support

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Frasers Group, the retailer controlled by the Sports Direct founder Mike Ashley, has said it will be forced to close stores and cut jobs after a “near worthless” support package on business rates in the budget.

The group, which includes Sports Direct, House of Fraser, Flannels and Evans Cycles, said retailers needed a complete overhaul of the business rates model for the high street to survive.

“The £2m rates cap on ‘businesses’ from July 2021 to March 2022 makes it a near worthless support package for large retailers,” the group said in a statement. “For Frasers Group, this cap will make it nearly impossible to take on ex-Debenhams sites with the inherent jobs created. It will also mean we need to review our entire portfolio to ascertain stores that are unviable due to unrealistic business rates.”

Frasers Group said the retail industry had expected Rishi Sunak’s budget on Wednesday to offer “suitable relief until structural reform is implemented”.

It added: “Frasers Group believes that retailers should pay the fair amount of rates in line with realistic rateable values but instead we continue to have an unwieldy, overly complex and out-of-date business rates regime.”

Only the group’s Evans Cycles bike chain, which is classed as an essential retailer, has been able to trade throughout the high street lockdowns, while the sportswear retailer Sports Direct, the fast-growing designer fashion concept Flannels and the struggling House of Fraser department store chain have been affected by government efforts to control the spread of Covid-19.

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Re: The closing shop chains thread...

Postby dutchman » Sun Mar 14, 2021 9:01 pm

Great Britain's high streets lost more than 17,500 chain store outlets in 2020

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More than 17,500 chain store outlets disappeared from high streets, shopping centres and retail parks across Great Britain last year as the Covid-19 pandemic spurred the worst decline on record.

An average of 48 shops, restaurants and other leisure and hospitality venues closed permanently every day across England, Wales and Scotland, and only 21 opened, according to the figures compiled by the Local Data Company (LDC), a research provider, for the accountancy firm PwC.

With non-essential shops forced to close during lockdown and a boom in online shopping, as many as 17,532 outlets shut their doors for the last time in 2020. Only 7,655 chain stores were opened. The resulting net closure of 9,877 stores was almost a third higher than in 2019, according to research from almost 3,500 locations, which excludes independent retail outlets and other venues.

The stark figures come before the true impact of the pandemic on Great Britain’s high streets becomes apparent. Many outlets included in the research were temporarily closed during lockdowns and were not counted as shut but may never reopen after restrictions are relaxed this spring.

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Re: The closing shop chains thread...

Postby dutchman » Mon Mar 15, 2021 7:14 pm

Thorntons to close all UK stores - blaming impact of lockdown on the decision

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Thorntons has announced plans to close all of its 61 stores, with over 600 staff members at risk of losing their jobs.

The much-loved chain, which has an outlet in Coventry's West Orchards shopping centre, has blamed the impact of lockdown on the 'difficult' move.

However, bosses hope to grow their online customers and remained committed to their 'iconic brand'.

A spokesperson said: "Like many companies, we have been operating for a long time in a tough and challenging retail environment.

"We have been committed to transforming and growing a successful Thorntons retail estate; this has included significant investments to open new format stores and cafes and ensuring we had stores in the right locations.

"However, changing dynamics of the high street, shifting customer behaviour to online, the ongoing impact of Covid-19 and the numerous lockdown restrictions over the last year - especially during our key trading periods at Easter and Christmas - has meant we have been operating in the most challenging circumstances.

"Unfortunately like many other retailers, the obstacles we have faced and will continue to face on the high street are too severe.

"Despite our best efforts we have taken the difficult decision to go into full consultation to start the permanent closure of our retail store estate. We understand that this will be an uncertain and concerning time for our colleagues and we will actively support them during this period.

"As customers continue to change the way they shop, we must change with them. We have seen a strong growth in Thorntons.co.uk and this will remain a key focus for us in continuing to provide you with your favourite Thorntons ranges, including our unique personalisation offering. In addition, we continue to invest in building our brand in grocery channels with our partners in order to meet the demand from you, our loyal customers.

"We remain committed to our iconic Thorntons brand and will continue to invest further in the future potential to ensure we evolve with the times."

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Re: The closing shop chains thread...

Postby rebbonk » Mon Mar 15, 2021 8:28 pm

I didn't see that one coming!
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Re: The closing shop chains thread...

Postby dutchman » Thu Mar 25, 2021 4:44 pm

Santander to axe more than 100 high street branches

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Santander has announced it is set to close 111 of its high street branches in the UK as part of a major shake-up at the Spanish bank.

The bank has revealed all 111 outlets earmarked for closure will shut their doors by the end of August.

In choosing the branches it plans to close Santander said that all are less than three miles from another branch.

No branches in Coventry, Warwickshire or Solihull are affected but there are closures in Hinckley, Leicester and Birmingham.

Santander has included one branch in Hinckley (Castle Street), two in Leicester and two in Birmingham in the list.

Santander will retain a network of 452 branches following the proposed changes a statement said.

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The big purge is coming!
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Re: The closing shop chains thread...

Postby rebbonk » Thu Mar 25, 2021 6:11 pm

dutchman wrote:The big purge is coming!


Very shortly we will have no excuse to leave our homes, except to be good little worker drones.
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