A record number of shops disappeared from high streets across the country in the first half of 2020 as the Covid-19 lockdowns hammered the retail sector. The bank is set to axe around 350 jobs, including middle management and head office roles, along with permanently closing 18 branches by December 1, this year. Peacocks and Jaeger – owned by the Edinburgh Woollen Mill Group – were another high street favourite confirmed to have fallen into administration in November, putting almost 5,000 staff and 500 shops at risk. Sign up to the daily Business Today email. Macy’s. The retailer said its three stores which will close at the end of January are HMV Bury St Edmunds, Fopp Glasgow on Byres Road and HMV Nuneaton. The off-price chain Stein Mart filed for bankruptcy in August, and liquidators … Managing director Andrew Flintham said: ‘We want to be in the best position to provide excellent customer service, whether it’s in a high street store, over the telephone or online, and will continue to put the customer at the heart of what we do. Overall, 420 Argos stores are set to close by 2024, meaning there will only be around 100 standalone stores left across the UK. Stein Mart: 279 stores. The retailer entered administration this week after the coronavirus crisis shattered its … The report found that among the chains, takeaways and coffee shops were among the fastest-growing types of high-street outlet. For stores like Topshop, John Lewis, Debenhams, Boots and food chains like Pizza Express and Burger King, the impact of coronavirus on their businesses has been so detrimental that the brands are now announcing possible or definite store closures. The reports says: “Unless further government stimulus is announced, we’re guaranteed to see further closures” as a result of factors such as further movement restrictions, the unwinding of the furlough scheme this month and the end of business rates relief and VAT reductions for the hospitality sector in March. The retailer has four stores – two in Manchester and one in Birmingham and London. They have said they made the decision due to a combination of the negative economic impact of Covid-19, along with people making fewer transactions in branches with more choosing to bank online. He said: ‘Through the crisis we have seen how we can work faster and more flexibly by empowering store teams and it’s essential that we embed that way of working.’. What stores have closed or collapsed into administration? The beloved retailers which disappeared from the UK High Street in 2020 as a result of the coronavirus pandemic. Follow Metro across our social channels, on Facebook, Twitter and Instagram. Pizza Hut has announced plans to shut 29 restaurants, Pizza Express could close 67 restaurants across UK, MAC is launching at Boots in these UK stores, Travel hub shops at Heathrow and St Pancras. In regional terms, Greater London saw the highest total number of net closures – 1,008 – followed by the south-east of England and the north-west. Macy's, Forever 21, Hobby … No official announcement has been made on which stores could face imminent closure as administration talks continue, however, stores in Essex, Bristol and Cardiff were shown to have closing down sales. The figures, published by the Local Data Company and advisory firm PwC, show that on average more than 60 stores closed per day while 28 opened. See which chains are closing stores th... Macy's, Pier 1 and other retailers are shutting down large numbers of stores for good. In the past few years names such as Mothercare, Karen Millen, Toys R Us, Maplin and Poundworld have disappeared from the UK high street as a result. At the same time, there is a move away from buying "stuff" as more people live in smaller homes and rent rather than buy. A further 28 closures are planned for 2021. Subway, the biggest fast-food chain in the world, lost about 10% of its restaurants in 2020, Restaurant Business reported Friday. On Sunday Primark confirmed that it was closing all 189 of its UK stores, affecting around 37,000 jobs - though employees would be paid in full for the next 14 days, the company said. Retailers with a high street presence want the government to change business rates to even up the tax burden with online players and to adapt more quickly to the rapidly changing market. Travel company Tui announced on Thursday 30 July that they would be closing 166 of their stores in the UK and Ireland. ‘It’s not just us – I think this applies to everyone out there in our industry.’. The retailer’s sales were down 57% in July compared with the same month last year and the shop is expected to make a loss of between £70m and £75m for the year to August. Lisa Hooker, a consumer markets leader at PwC, said the pandemic had accelerated existing changes in shopping behaviour as it had “forced experimentation” during the lockdown. Its 124 UK outlets and online store — employing 12,000 people — will trade to clear stock, after which they will close if no other offers for the business have been received. In the December 2019 Queen's speech, the government announced plans for further reform of business rates including more frequent revaluations and increasing the discount for small retailers, pubs, cinemas and music venues to 50% from one-third. GAME said 13 stores … The stores list has not yet been confirmed. In a statement published on the brand’s website, it said that the decision to close the stores, including two full-size department stores in Birmingham and Watford, has been taken ‘to secure the business’s long-term future’. After a challenging year, 2021 brings big changes to the hospitality and leisure industry. Durham and Corby were incorrectly listed, while Newcastle upon Tyne and Worcester should have been included. Marks and Spencer also announced it could be cutting 950 jobs in the latest round of cuts to hit the high street. Physical retailers have been hit by a combination of changing habits, rising costs and broader economic problems as well as the coronavirus pandemic. The chain, which is allowed to trade during the current third lockdown as it is an essential retailer, will place outlets across the UK into “hibernation”. “We all knew that consumers were shifting to shopping online or changing their priorities in terms of the things they buy, but what Covid-19 has done is create a step-change in these underlying trends to where they have now become the new normal,” she said. The move came after the chain previously indicated it could close around 67 of its UK restaurants, with up to 1,100 jobs at risk, as part of a major restructuring plan. Which stores have closed due to coronavirus? Depending on the negotiations with our landlords and the government’s future approach to property rates, we anticipate closing around 25 stores in the current financial year as the leases on these stores expire.’. M&S director of retail, operations and property, Sacha Berendji, said the proposals formed part of the company’s ‘Never The Same Again’ programme. The 6,001 net store closures was a record high and compared with 3,509 in the first half of last year. After two nationwide lockdowns – with the most recent ending on December 2 – many retailers are feeling the effects from the closures, and missing out on a rebound during the busiest time of the year. On Friday, August 14, it was confirmed that eight stores would be staying closed. About 11,000 outlets shut in first half of 2020, twice as many as in same period last year, Last modified on Wed 21 Oct 2020 04.11 EDT. Pizza Express has announced it is shutting 73 of its restaurants across the UK, potentially leading to the loss of of 1,100 jobs. ‘We can confirm that we have identified the Opticians stores that are proposed to close and have entered a consultation period. Clintons, the card retailer, fell into administrationbut was bought by its existing owners in a pre-agreed deal that protects its 332 stores an… Three days later, it came out that Debenhams bosses have reportedly started drawing up plans for liquidation. See the entire list of retailers filing for bankruptcy. Earlier today John Lewis announced it will close eight shops, with the possibility of 1300 jobs going. ... 1 /1 The full list of Pret A Manger stores closing in the UK. However, Sainsbury’s … As well as high street stores struggling, it’s bad news for the banks too – with the Co-operative Bank announcing on August 25 that it plans to cut hundreds of jobs from numerous branches across the the UK, amid a period of ‘prolonged economic uncertainty’. It covers changes caused by retail companies going into administration, agreeing CVAs with their major creditors or rationalising their operations to meet reduced or changing demand. He said that if the company can ‘possibly avoid’ the closure of restaurants and losses of jobs then they will. The retailer has announced 22 of 50 stores that will close in 2020, which is part of a three-year period of closures. Usually in the run up to Christmas, the high street would be seeing record performances – but this year paints a less bountiful picture for the industry. Regular analysis of the retail industry and UK high street, changing consumer behaviours and trends, as well plus how retailers can meet UK shoppers' needs. Companies such as Amazon have an unfair advantage because they have a lower business rate bill, which holds down costs and enables online retailers to woo shoppers with low prices. ‘It is therefore imperative that we make these difficult cost decisions, look after our colleagues during such unprecedented uncertainty and also offer a modern customer service.’. It will put 12,000 jobs at risk. Analysts predict there will be many more closures to come as the data does not include outlets that were temporarily closed under lockdown rules when analysts visited and which might end up permanently shuttered. Debenhams is facing closure after last-ditch attempts to save the retailer failed in December. A record number of shops disappeared from high streets across the country in the first half of 2020 as the Covid-19 lockdowns hammered the retail sector. The online and pop-up bookseller The Book People went into administration a week before Christmas, putting almost 400 jobs at risk. GAME intends to close 40 stores in the UK, it's confirmed. Retailers also want more investment in town centres to help them adapt to changing trends, as well as a cut to high parking charges, which they say put off shoppers. Some 17,565 shops will shut down during the year, according to analysis by the Centre for Retail Research. Last year, the high street stalwart announced 110 of its stores will shut, comprising of 85 full stores and 25 of its Simply Food units. The company said it was also relocating in Lincoln and Plymouth, with new stores opening in both cities at the start of February. In terms of habits, shoppers are switching to buying online. The data does not cover independent stores, which researchers said were likely to have seen a resurgence as more people worked from home and shopped locally during the pandemic. A total of 11,120 chain store outlets closed between January and June, while 5,119 opened. ‘We understand this is a difficult time for everyone involved and are supporting our team members as much as possible throughout this transition. Another 34 people die with Covid in UK as 2,596 test positive, First cases of 'double mutant' Covid from India found in UK, Covid R rate drops as low as 0.7 across England, Selfridges has told staff it will cut 450 jobs, as its group managing director Anne Pitcher described 2020 as ‘the toughest year we have experienced in our recent history.’. It has not yet announced where the jobs will be cut, or the impact it will have on their stores. The figures … ‘The John Lewis Partnership has announced it will not reopen eight John Lewis shops to secure the business’s long-term future and respond to customers’ shopping needs. More than 17,000 UK shops are expected to close in 2020 in what’s forecast to be another tough year for UK retailers. Boots confirmed the following opticians branches practices are proposed to be affected by the closures: A spokesperson told Metro.co.uk: ‘Last month we announced an acceleration of our transformation plan in response to the significant impact that Covid-19 has had on our business, which included the proposed closure of 48 Boots Opticians stores. Department store Debenhams closed 19 shops across the UK in January (Getty) Nearly 10,000 jobs have been lost in retail since the start of 2020, according to new research. These are the branches that will be closing: Pizza Hut has announced plans to shut 29 restaurants, putting hundreds of jobs at risk. The camera retailer Jessops called in administrators to its property arm, putting 500 jobs at risk. Another 8 stores and a distribution center closed in 2018, while over 50 additional stores were expected to close between mid-2019 and late 2020. Debenhams has not revealed which of its 124 shops in the UK will close, but if a deal cannot be reached, it is expected all will have to cease trading. Clarks is the latest retailer to close stores due to the coronavirus outbreak (Image: Birmingham Mail) Somerset-headquartered Clarks shoes announced it was temporarily shutting its 441 UK, Ireland and US stores on Friday (March 20). “We all still want and need to physically visit shops and leisure operators, it’s likely then that whatever happens retail will come out of this smaller but stronger.”. Pret A Manger; McDonald's; Costa Coffee; Nando's; Primark; Apple Stores; The Body Shop; Disney Store; Ikea; … This page examines the main retail outcomes for 2020 to date, comparerd with 2019 and 2018. Those pressures have come just as rising labour and product costs, partly fuelled by Brexit and the coronavirus, have coincided with economic and political uncertainty that has dampened consumer confidence. But the pandemic … Sharelines. Jaeger has 76 stores and concessions and employs 347 staff while Peacocks has 4,369 staff across 423 stores. The fund will also pay for the creation of a high street taskforce to provide expertise and hands-on support to local areas. MONSOON Accessorize is permanently closing 35 stores with the loss of 545 jobs. Lucy Stainton, the head of retail and strategic partnerships at the Local Data Company, said: “The results from the first half of 2020 are a stark reminder of the challenges faced by retailers in the first six months of the year, which included a national lockdown.”, She feared this was the tip of the iceberg, with 22% of chain stores still closed temporarily “With each week that passes since retail and hospitality businesses were given the green light to reopen, the likelihood of these occupiers ever trading again in those units reduces.”. The final 11 Beales department stores are set to shut, putting hundreds of jobs at risk. We are doing everything we can to redeploy our team members from our Pizza Hut Restaurants locations that are closing and minimise the impact to our workforce. Poundland has announced that it will temporarily close 44 of its stores from Saturday (9 January), replicating the measures it took during the first lockdown in March last year. Even CVS has not been able to escape the retail apocalypse as it too will close 22 stores next … Branches in London’s Wardour Street and Charlotte Street as well as in Wapping and Hampstead will also close their doors. … MORE : Pizza Express could close 67 restaurants across UK, MORE : MAC is launching at Boots in these UK stores. Uncertainty about the economy has also slowed the housing market and linked makeovers of homes. Croydon. Shops were closing at an average rate of 16 per day in 2019, according to the Local Data Company, which tracks vacancies rates. WH Smith could axe up to 1,500 jobs, as the coronavirus crisis continues to wreak havoc on the high street. “We are therefore unable to share exact job loss numbers for each Hut. Though the stores haven’t closed yet, if administrators can’t work out a solution, nearly 13,000 jobs will be at risk across the company’s 444 UK stores. [66] [67] J. C. Penney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. We recognise this is a difficult time for any colleagues that are impacted and are doing everything we can to support them throughout this process, ‘Over the next few weeks, we will be speaking to all of our customers individually if their store is affected about how we will support their transition to another Boots Opticians nearby.’. Zoe Bowley, Pizza Express’s managing director for the UK and Ireland, said: ‘Unfortunately, the impact of the global pandemic has meant that we have had to make some incredibly tough decisions to safeguard Pizza Express for the long term. The research covers high streets, shopping centres and retail parks in England, Scotland and Wales. Big names including Marks & Spencer, Debenhams and House of Fraser also closed stores. Which Burger King sites might face closure has not yet been announced. As part of the agreement, the retailer had to close 22 stores in January 2020. Alasdair Murdoch, chief executive of Burger King UK, told the BBC: ‘We don’t want to lose any [jobs]. Confirming the news, a spokesperson for the company said in a statement: ‘We have around 420 leases due for renewal over the next three years, including 120 where we are holding over and in negotiation with the landlord. At the beginning of April 2020, Debenhams still had 142 stores operating. The other shops identified for closure include two of John Lewis’ smallest stores in Heathrow and St Pancras. Many retailers have taken a battering after sales plummeted during the coronavirus lockdown. On June 9 2020 it was announced that an additional three Debenhams stores would have to close, bringing the total number of stores closing to 15. John Lewis is shutting down eight of their stores out of the 50 branches the brand has in the UK. How will the high street look in a post-pandemic world? We try very hard not to, but one’s got to assume somewhere between five per cent and 10 per cent of the restaurants might not be able to survive. The company blamed the coronavirus pandemic and lockdown for the decision, which will see around 165 of its UK sites closed. latest news, feel-good stories, analysis and more, Girl, 12, ‘sexually abused after parents sold her to pay off £3,500 debt’, Boy who handed in £400 spat out by ATM is given £10 Asda voucher as reward, Queen to have final moment with Prince Philip before funeral starts, Huge basking shark interrupts paddle boarding lesson in UK harbour, after last-ditch attempts to save the retailer failed, Pizza Express has announced it is shutting, it could close around 67 of its UK restaurants, Co-operative Bank announcing on August 25. It has not yet known whether or not the jobs cut will impact their stores. Store openings and closures: hospitality & leisure commentary. Staff working for the business will be paid during the closure, according to the company. York was the worst affected, with 55 net shop closures in the first six months of the year, followed by Newcastle upon Tyne (43) and Worcester (26). Burger King announced on Thursday July 10 that it was considering closing up to 10 per cent of its restaurants. This article was amended on 21 October 2020 to correct the list of towns worst affected by shop closures. In February 2020, department store Macy’s said it will be closing 125 stores over the next … Debenhams operates around 130 stores in the UK and Denmark but as part of its company voluntary arrangement (CVA) with its landlords to cut costs in order to save the business, the brand must carry out store closures. Sir Phillip Green’s Arcadia empire fell into administration at the end of November. Many businesses which deal with complex supply chains also want additional help with the new red tape and import charges imposed after Boris Johnson's Brexit deal saddled them with extra costs. Boots has announced that it has launched a consultation process for restructuring across its head office, store teams, and Boots Opticians teams. There are currently 530 Burger King sites in the UK and the proposed closures would put 1,600 jobs at risk. Business rates are taxes, based on the value of commercial property, that are imposed on traditional retailers with physical stores. She added that local lockdowns and other restrictions such as the 10pm curfew would continue to have “a devastating impact” on the sector, with more closures likely after the key festive trading season ends. It will now enter into consultation with impacted Partners about its proposals,’ the brand wrote. Get your need-to-know It has also set up a £675m "future high streets fund" under which local councils can bid for up to £25m towards regeneration projects such as refurbishing local historic buildings and improving transport links. On August 11, the company confirmed that it is cutting 2,500 jobs, and spokespeople said no new store closures are currently planned after closing 19 branches in January this year, with 28 more set to follow. Shopping centres were the worst-affected location. The high street giant, which includes the Topshop, Dorothy Perkins and Burton brands, hired administrators from Deloitte after the pandemic ‘severely impacted’ sales across its brands. Vodafone, the telecoms business, is to close more than 1,100 stores in Europe by the end of 2020 as parts of its plans to focus more on online transactions. During the period, Carphone Warehouse closed all 531 standalone branches, and fashion chains including Oasis, Warehouse, Laura Ashley and Cath Kidston all closed down. Correction: This list was last updated at 4.00 pm on December 31, 2020 to change the number of store closures so far in 2020 to 15,542stores. Attitudes vary about whether this crisis represents simply a change in how we shop or a dangerous trend that will vitiate our town centres, high streets and deplete our social space. As of October, GAME had 259 stores and 21 Belong esports arenas in the UK. The chain is consulting on plans to cut head office and store teams, as well as shut 48 of its Boots Opticians practices. Probably a bit of both unless carefully managed. Seven store closures were announced in April this year, followed by a further five in May. In November, it was confirmed that WH Smith will permanently close 25 of its stores, though a full list of locations has yet to be announced. The online boutique furniture brand Swoonwas bought out of administration by its co-founders, Brian Harrison and Debbie Williamson. But Yorkshire and the Humber recorded the biggest loss of chain stores in percentage terms, with a net 3.4% of outlets disappearing, compared with 2.2% in the east of England, which was the best performing region. On June 9 2020 it was announced that an additional three Debenhams stores would have to close, bringing the total number of stores closing to 15. Meanwhile, Hays Travel announced it will cut up to 878 jobs out of a workforce of 4,500 people. Approximately 1,300 John Lewis employees across the eight shops are said to be affected. CVS. The shop closure data reflects a crisis on the high street that has cost thousands of jobs as chains, led by already struggling fashion, mobile phone and betting shops, closed their doors. Macy's, Gap, CVS, J.C. Penney and Pier 1 are among the retailers that have announced permanent store closings in 2020. These are the branches which are closing. A closed Edinburgh Woolen Mill shop on Princes Street in Edinburgh. 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