The closing shop chains thread...

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Re: The closing shop chains thread...

Postby rebbonk » Wed May 22, 2019 7:12 pm

This might have a local effect...

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Re: The closing shop chains thread...

Postby rebbonk » Wed May 22, 2019 7:13 pm

I'm also picking up news that M&S are looking at closing more stores...
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Re: The closing shop chains thread...

Postby dutchman » Wed May 22, 2019 7:22 pm

rebbonk wrote:This might have a local effect...


There's no rule that the shops have to be local, it just adds interest if some of them are :smile:
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Re: The closing shop chains thread...

Postby dutchman » Wed May 22, 2019 7:27 pm

Nuneaton's Topshop and Topman to close amid Arcadia store closures

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Nuneaton's Topshop and Topman are set for closure following the announcement of 23 store closures across the company.

Topshop tycoon Sir Philip Green plans to close 23 stores, which puts 520 jobs at risk as part of a plan to rescue the Arcadia group.

Under proposals, Burton, Dorothy Perkins and Topshop stores will close and rents will be cut at another 194 stores.

It has been revealed that the Topshop, Topman in Nuneaton will be one of the 23 to shut.

It isn't yet known when they will close.

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Re: The closing shop chains thread...

Postby dutchman » Thu May 23, 2019 8:00 pm

Hammer blow for Nuneaton as Currys PC World to close

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Bosses have confirmed that Nuneaton's Currys store is to close.

The Currys PC World store, which is based off Newtown Road, will shut its doors in July.

CoventryLive contacted the firm and the following statement was provided.

“As part of our usual store review process, we have decided to close our Nuneaton Currys PC World super store when the lease comes to an end in July 2019," a Currys PC World spokesperson said.

"All colleagues affected will be offered redeployment locally and fully supported throughout this process.”

Currys has had a presence in the town centre for decades.

The news is yet another hammer blow for the town centre and comes less than a day after it was revealed that Topshop and Topman in the Ropewalk Shopping Centre is set to close.

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Re: The closing shop chains thread...

Postby dutchman » Wed May 29, 2019 4:15 pm

Coventry sports shop closes just weeks after opening new store

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A Coventry sportswear shop has closed after being placed into administration.

Realbuzz, which was situated in West Orchards, has shut down - just weeks after relocating to a smaller unit.

The sports retailer, which specialises in sportswear for running and fitness, originally opened next to WH Smith in November 2017.

At the time, they had six UK stores but revealed plans to quadruple their operations within two years.

However, in April 2019, the store relocated to a smaller unit next to Holland & Barrett.

It has now been revealed the company Realbuzz Group Ltd has gone into administration.

A spokesman for West Orchards said: "The owners of West Orchards assisted Realbuzz to move to a smaller store in the centre, in April 2019.

"Unfortunately Andrew Poxon and Julien Irving have been appointed joint administrators of Realbuzz Group Ltd and they have closed their stores.

"The store remains under the control of the administrators at this time."

According to The London Gazette, The Realbuzz Group Limited went into administration on May 10, 2019

Realbuzz has been contacted for comment.

CoventryLive has also contacted Leonard Curtis, the Manchester firm where Andrew Poxon and Julien Irving are employed, to find out the reasons why the company failed.

They said: "We are not able to provide a comment at this time."

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Re: The closing shop chains thread...

Postby dutchman » Wed Jun 12, 2019 8:26 pm

Green secures rescue deal for Topshop empire

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Sir Philip Green's Arcadia retail empire has been saved by a rescue deal that will trigger the closure of 48 stores and a thousand jobs.

The plan, covering stores including Topshop, Miss Selfridge and Wallis, was approved by Arcadia's creditors.

After a week's delay and five hours of discussion Arcadia's landlords finally agreed to rent cuts, 23 store closures and 520 job losses.

Once the plan is in place another 25 stores and 500 jobs will be axed.

Ian Grabiner, CEO of Arcadia Group, said he was "confident about the future of Arcadia".

"From today, with the right structure in place to reduce our cost base and create a stable financial platform for the Group, we can execute our business turnaround plan to drive growth."

Arcadia's landlords were voting on the company's rescue plan, known as a company voluntary arrangement (CVA). This is an insolvency process that allows a business to reach an agreement with its creditors to pay off all or part of its debts.

In the case of Arcadia it will involve store closures and reduced rents across 194 of its 566 UK and Irish stores over a three-year period.

Last week, Arcadia secured the backing of pensions trustees, the Pension Protection Fund and most of its suppliers, for its plan.

However, it came up against stiff resistance from one of its biggest creditors, the shopping centre operator Intu, which called the deal "unfair" and voted against it.

Intu owns and manages some of the UK's biggest retail properties.

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

Postby rebbonk » Wed Jun 12, 2019 8:31 pm

They're only putting off the inevitable. We are going to watch the slow death of Arcadia
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Re: The closing shop chains thread...

Postby rebbonk » Thu Jun 20, 2019 1:10 pm

Caught a brief news item earlier, Dixons Carphone Warehouse seem to be having a few difficulties
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Re: The closing shop chains thread...

Postby dutchman » Fri Jun 21, 2019 7:00 pm

They closed the one in the Alvis Retail Park because it was next door to Currys, then they closed Currys.

So I was forced to order a Freeview recorder by mail order from Currys and it arrived from Dixons! :clown: :clown:
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