Overview
- The company has published the full list of 33 branches to shut across England, Scotland, Wales and Northern Ireland, with closures scheduled in the opening weeks of the new year.
- Reduced-rent terms will apply to 71 other stores with certain debts written off, and the retailer has asked landlords for up to three years of rent cuts or temporary rent suspensions on some units.
- About 122 locations will continue trading without changes, and no closures have been announced for Irish stores across a total estate of roughly 223 sites.
- The measures are part of a restructuring plan approved by the High Court in August to realign the store footprint and avert insolvency after consecutive annual losses.
- Recent accounts show a £33.2m pre-tax loss in 2023 and nearly £64m in 2024, with management citing falling footfall, a shift to online shopping, supply-chain disruption and rising energy and labour costs.