{"id":68574,"date":"2023-11-28T18:18:51","date_gmt":"2023-11-28T18:18:51","guid":{"rendered":"https:\/\/talkcelnews.com\/?p=68574"},"modified":"2023-11-28T18:18:51","modified_gmt":"2023-11-28T18:18:51","slug":"another-one-bites-the-dust-as-high-street-fashion-chain-with-dozens-of-stores-launches-huge-closing-down-sale-the-sun","status":"publish","type":"post","link":"https:\/\/talkcelnews.com\/lifestyle\/another-one-bites-the-dust-as-high-street-fashion-chain-with-dozens-of-stores-launches-huge-closing-down-sale-the-sun\/","title":{"rendered":"'Another one bites the dust' as high street fashion chain with dozens of stores launches huge closing down sale | The Sun"},"content":{"rendered":"

A HIGH street fashion label has a new closing down sale as other stores are set to shut for good.<\/p>\n

Jack Wills\u00a0has launched a clearance sale in its Drake Circus shopping centre store in Plymouth.<\/p>\n

<\/p>\n

Shoppers have recently spotted closing down signs in the store's windows, with a sale of 20% off all items now in effect.<\/p>\n

They read: "Closing Down. 20% off full price."<\/p>\n

The Sun approached\u00a0Frasers Group, owner of Jack Wills, for comment and asked when the store will close for good.<\/p>\n

It comes just weeks after shoppers in Taunton spotted the same signs outside of their local Jack Wills store.<\/p>\n

Read more in money<\/h2>\n

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Exact dates to qualify for Christmas bonus on Universal Credit and benefits in DAYS<\/h3>\n

Jack Wills pulled the shutters down on its\u00a0last Scottish store on Bell Street in St Andrews in October.<\/p>\n

It comes after Jack Will's was bought out by\u00a0Mike Ashley's\u00a0Sports Direct, part of the Frasers Group, in August 2019.<\/p>\n

The billionaire put in a \u00a312.75million bid for the ailing\u00a0business, which at the time had 110 stores across the UK and\u00a0Ireland.<\/p>\n

It was founded in 1999 as a single shop in\u00a0Devon\u00a0and its clothes became popular in the mid-2000s.<\/p>\n

Most read in Money<\/h2>\n

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<\/picture>FESTIVE FLOP <\/span><\/p>\n

Fears Christmas could be ruined this year due to shortage of dinner must-haves<\/h3>\n

<\/span><\/p>\n

But it lost its appeal in the years that followed as sixth-formers and university students turned to grungier styles.<\/p>\n

In March 2020, it announced it would permanently close nine stores, just days after revealing five would shut.<\/p>\n

Branches in Abersock, Aldeburgh, Dartmouth, St Ives and Rushden Lakes were all impacted.<\/p>\n

The St Andrews store was also earmarked for closure, however, a lease agreement was agreed with the landlord which saved the store.<\/p>\n

House of Fraser, owned by The Fraser Group, has also announced closures in recent months.<\/p>\n

And in May this year, Mike Ashley's Frasers Group threatened to axe 200\u00a0jobs\u00a0in a bid to cut costs across the\u00a0business.<\/p>\n

Why are retailers closing branches?<\/h2>\n

The\u00a0cost of living\u00a0crisis, stubbornly high\u00a0inflation\u00a0and\u00a0energy\u00a0costs are taking their toll on retailers.<\/p>\n

Shoppers have been cutting back spending, while the cost of actually running a store has also increased, meaning some outlets have struggled to keep going.<\/p>\n

Figures from the\u00a0British Retail Consortium\u00a0(BRC) this\u00a0summer\u00a0found the UK had lost 6,000 stores over a five-year period.<\/p>\n

Several major brands have also collapsed and closed stores for good.<\/p>\n

Wilko's fall in August marked the biggest British\u00a0retail\u00a0collapse since\u00a0McColl's plunged into administration in May last year.<\/p>\n

Paperchase collapsed into administration\u00a0at the end of January this year and all 106 stores\u00a0closed for good.<\/p>\n

Scottish clothing brand\u00a0M&Co\u00a0and wellies retailer\u00a0Joules\u00a0were among a host of other familiar brands that went bust in 2022.<\/p>\n

But shoppers still have reason to be cheerful as other retailers are actually expanding this year.<\/p>\n

The Sun recently revealed\u00a0discount retailer Costco\u00a0is expanding in the UK and is planning to open 14 more warehouses over the\u00a0next\u00a0two years.<\/p>\n

Bonmarche is opening\u00a0at least seven new stores after filing for administration in 2019, while The White Company is due to open new stores in October and November.<\/p>\n

Once-huge bakery chain\u00a0Patisserie Valerie, which also collapsed into administration and closed most of its stores, has started reopening branches, as revealed by the Sun.<\/p>\n

Wilko shops are also\u00a0set to return to the UK high street\u00a0after the chain collapsed earlier this year.<\/p>\n

We also recently revealed bakeries Wenzels, Greggs,\u00a0Dunkin'\u00a0Donuts and The\u00a0Cornish Bakery\u00a0are all in the process of expanding in the UK.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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