Browsing: store closures

New Look sees improvements in financial health despite experiencing tough market conditions, reporting narrowed pre-tax losses.The company’s pre-tax loss decreased…

New Look has reported a reduction in annual pre-tax losses amidst declining revenue, attributed to challenging trading conditions.The fashion retailer’s…

Amidst economic challenges, Shoe Zone reported a 42% drop in annual profit, attributed to poor consumer demand and heightened operational…

High street retailer River Island has reported a significant financial loss in 2023.The company disclosed a pre-tax loss of £32.3M,…

A proposed restructuring plan by Dobbies could lead to the closure of several Waitrose concessions.Dobbies plans to shut down 17…

Dobbies has announced the closure of 17 stores as part of a broader restructuring plan to tackle unsustainable rent expenses…

The FTSE 100 clothing and homewares chain, Next, has announced in its half-year report that a recent £30 million equal…

Next’s potential store closures hinge on the outcome of its equal pay appeal.An employment tribunal ruled that 3,500 Next store…

Recent research highlights the significant tax burden on the retail sector.Retailers contribute 7.4% of all business taxes, despite making up…

Recent data reveals the challenges facing physical retail locations in Great Britain.Nearly 7,000 stores closed in the first six months…