Store closures

Why retail store closures don’t have to be bad for business

It is no secret that the retail sector is facing somewhat of a crisis, with a number of leading retail…

Read More »

Nike global revenues up 3% as online helps offset store closures

Global sportswear giant Nike has revealed that its revenues for the third quarter of the year were $10.4bn (£7.4bn) up…

Read More »

‘Robust’ online sales offset store closures at Watches of Switzerland

Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group…

Read More »

Dunelm revenues up 11% despite store closures

Homeware retailer Dunelm has reported an 11.8% increase in revenues for the 13-week period ended 26 December 2020, despite having…

Read More »

Primark predicts £1.1bn sales loss amid store closures

AB Foods, the owner of clothing retailer Primark, has issued a warning of a hit from lost retail sales of…

Read More »

McColl’s revenue tops £1.25bn despite store closures

McColl’s revenue has increased by 2.3% to £1.25bn this year in light of “strong demand” during the pandemic, according to…

Read More »

Quiz sales plummet, store closures anticipated

Fashion retailer Quiz has revealed its sales have been “significantly impacted” by the pandemic, with total sales falling by 77%…

Read More »

Hotel Chocolat: Online sales fail to mitigate effect of store closures

Hotel Chocolat has announced that its boost in online sales has failed to “fully mitigate the total sales loss in…

Read More »

Matalan owner reportedly seeking £60m amid store closures

The owner of Matalan, John Hargreaves, is reportedly seeking a cash injection of £60m to support the fashion retailer through…

Read More »

Temporary store closures due to coronavirus lead to 14% drop in retail jobs

The UK job market has been hit hard by the coronavirus outbreak, with retail jobs dropping by 14% in March,…

Read More »