Cotswold Outdoor in Norwich. Picture: Newman Associates Supplied It has been revealed that a “significant number” of Cotswold Outdoor sites could be in the firing line for a round of store closures. That could include a store in Norwich’s city centre on Theatre Street, and in Ipswich’s Tavern Street. There is also a store in Bury St Edmunds. AS Adventure, the holding company for the Cotswold Company as well as Snow + Rock, is reportedly close to appointing advisers to work on a shop closure programme.Details of the plans are at an early stage, and no concrete decisions have yet been made about UK closures. The Cotswold Outdoor company are in competition with Mountain Warehouse, which this week reported blockbuster festive sales.The company said that cooler weather had boosted sales – though whether this had the same impact for Cotsworld Outdoor sales has not been reported. Cotsworld Outdoor would be one in a string of high street closures, a reflection … [Read more...] about Is Cotsworld Outdoor the next high street shop to go?
High street shopping centre
PUBLISHED: 07:52 09 November 2018 | UPDATED: 07:52 09 November 2018 Ipswich town centre Picture: SUZANNE DAY Retailers are battling the worst trading conditions in five years, with high street shops closing at a rate of about 14 a day in the first half of this year, a study reveals. A study of 500 high streets by accountants PricewaterhouseCoopers and the Local Data Company found 2,692 stores have vanished in the first six month of the year - roughly 14 a day.The rate is similar to the same period in 2017, although there has been a dramatic fall in the number of openings year-on-year.Compared with 2,342 shops opening their doors in the first six months of last year, there were 1,569 openings between January 1 and June 30.Greater London and the South East were the worst hit by closures of chains, followed by the Midlands, the North East and East of England, it found.The growth of internet shopping, business rates, the rise of “in-home leisure” - people preferring to … [Read more...] about East of England among regions hit as UK suffers loss of 14 high street shops a day
There have been turbulent times on the high street with some retailers struggling amid challenging conditions. Picture: ANTONY KELLY Archant Norfolk 2018 Thousands of shops could close as the retail sector lurches deeper into “crisis”, claims a new report which offers suggestions for how the high street should evolve. Jarrolds wine bar and delicatessen have been successful in boosting footfall. Picture: DENISE BRADLEY Nearly one in 20 stores (4.8%) in Norfolk is predicted to close within four years as retailers continue to battle with online competition and changing consumer habits, according to the Centre for Retail Research. But, the county looks to have come off better than the rest of the East of England which is facing a forecast 8.1% fall in the number of stores over five years, and outperforming the national prediction of 18.4%. However, retailers are already taking steps to adapt by providing experiences for customers and making their stores a destination, as … [Read more...] about The high street must adapt as report warns of hundreds of Norfolk store closures
PUBLISHED: 14:13 26 April 2018 | UPDATED: 14:58 26 April 2018 Customers queuing for Poundworld in Ipswich when it first opened. Picture: Archant. Archant Around a third of Poundworld’s stores could be shut under a restructuring plan which would put more than 1,500 jobs at risk. The discount retailer is considering a Company Voluntary Arrangement (CVA), an insolvency procedure which would allow it to slash its rents and close outlets. The plans suggest that Poundworld could close 100 of its 355 stores in the UK, but has not revealed which locations could be at risk. In East Anglia, it has shops in Ipswich’s Tavern Street, Norwich Castle Mall, King’s Lynn’s Vancouver Centre, Cromwell Retail Park in Wisbech and George Yard shopping centre in Braintree. Rising costs and a squeeze on consumer spending has forced several household names to pursue CVAs this year, including New Look, Byron, Prezzo and Carpetright. Poundworld, which is owned by private equity firm … [Read more...] about Around 1,500 jobs are at risk as Poundworld becomes latest high-street name to struggle
0 Comments Northern Ireland shopping centre loses Monsoon, Miss Selfridge, Evans BelfastTelegraph.co.uk A leading Northern Ireland shopping centre is reeling from the loss of three national high street retailers as problems in the retail sector continue to mount. https://www.belfasttelegraph.co.uk/business/northern-ireland/northern-ireland-shopping-centre-loses-monsoon-miss-selfridge-evans-36836090.html https://www.belfasttelegraph.co.uk/business/news/article36838413.ece/615d2/AUTOCROP/h342/2015-09-29_bus_13260541_I1.JPG Email A leading Northern Ireland shopping centre is reeling from the loss of three national high street retailers as problems in the retail sector continue to mount. Ballymena is counting the cost of losing a trio of long-standing fashion stores from the Fairhill Centre in just two weeks. Monsoon is the latest chain to pull out of the town, shutting up shop on Saturday. The departure of the ladies' and children's wear outlet comes a fortnight after the loss … [Read more...] about Northern Ireland shopping centre loses Monsoon, Miss Selfridge, Evans