Store closings

THE Co-op has warned that up to 60,000 small shops across the UK could face closure without upcoming business rates reform for small shops.

In the 2024 Autumn Budget, Chancellor Rachel Reeves promised to provide permanent business rates relief for small retail properties.

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At the time, the Government proposed raising business rates on the biggest retail properties with values over £500,000.

This would allow for a discount on rates for small retail and hospitality premises to be permanent.

The government has not yet set the rates, but changes are due to take effect in April 2026.

But the Co-op is now urging the Government to commit to the maximum levels of relief for smaller stores in the upcoming Autumn Budget on November 24.

Research conducted by the supermarket found one in eight small high street business owners will be at risk of shutting down if reforms are not delivered.

A further 10% of small said they would need to lay off staff.

Shirine Khoury-Haq, Co-op group chief executive, said: “The proposed system would improve the financial situation of 99% of retailers.

“How much they are protected from tax rises depends on decisions made in this Budget. To boost local economies, create jobs and provide community cohesion, we need inclusive growth.”

“That means supporting the businesses on the corners, in the precincts, on the parades and the high streets of every community.

” In order for them to not only survive, but to thrive, the government has to commit to the maximum levels of relief.” 

It comes as many larger retailers have voiced concerns over plans to increase business rates on larger stores, arguing the move could make them unprofitable or lead to price hikes.

In August, a letter signed by Morrisons, Aldi and JD Sports, warned that further tax rises on businesses could result in the Labour government breaking its manifesto pledge to provide “high living standards”.

It reads: “As retailers, we have done everything we can to shield our customers from the worst inflationary pressures but as they persist, it is becoming more and more challenging for us to absorb the cost pressures we face.”

Analysis carried out by the British Retail Consortium also suggested that 400 larger-format stores, such as department stores and supermarkets could close if the changes took place.

Many businesses have already seen their labour costs rise thanks to the rate of employer national insurance being increased in last year’s Budget.

The Treasury expects the new rates system will only impact the top 1% of properties.

A Treasury spokesperson said: “We are creating a fairer business rates system to protect the high street, support investment, and level the playing field by introducing permanently lower tax rates for retail, hospitality, and leisure properties from April that will be sustainably funded by a new, higher rate on less than 1% of the most valuable business properties.

“Unlike the current relief for these properties, there will be no cash cap on the new lower tax rates, and we have set out our long-term plans to address ‘cliff edges’ in the system to support small businesses to expand.”

A MAJOR supermarket chain is set to close one of its branches soon, with another 34 also on the way out.

The food store announced the “difficult decision” it has made to close the store next month.

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Co-op in Leicestershire’s Derby Road in Ashby-de-la-Zouch will permanently close its doors on Saturday, November 22.

A statement from a Co-op spokesperson read: ” ‘Our store in Ashby-de-la-Zouch will close next month.

“Our priority is to fully support colleagues, who have been informed.

“We would like to thank the community for its support of this store.”

The supermarket giant has come under some fire for some time now for having two of its stores in close proximity with the Ashby Town Centre.

This came after the Central Co-op moved from the top of Market Street to near the existing Co-op.

The spokesperson added: “We carry-out reviews of our existing store locations, and, sometimes, only after very careful consideration, we take the difficult decision to close a store.”

The Central Co-op will remain open, with the next nearest one approximately three miles away in Moira, Swadlincote, Derbyshire.

It comes as the supermarket could shutter another 34 of its stores due to financial struggles.

The Sun previously reported that stores in Braintree, Chelmsford, Basildon, Thurrock and Southend are among other locations that are at risk.

Chelmsford Star Co-op said it is “struggling financially” and needs to merge with the larger Central Co-op society.

Issues are also said to have been “exacerbated” by increases in National Insurance contributions and the living wage.

Late last year, Co-op announced plans for a “portfolio reshape” which included relocation of stores.

The Co-operative has over 7,000 registered branches owned by 17 million members, and is reported to contribute around £35 billion annually to the British economy.

Co-op as an organisation organisation has, like most companies, been hit by the cost of living.

In December last year it was announced 19 Co-operative stores would be shut down across the UK due to “financial sustainability issues”.

The locations, based in various areas around Central England, include Leicestershire, Yorkshire, Norfolk and the West Midlands.

B&M bought three of the 19 stores, while Samy Ltd, a convenience retailer, snapped up 16.

OTHER CO-OP NEWS

This comes as Co-op is rolling out a major change to stores across the country.

The supermarket giant is replacing paper product tags with electronic labels throughout its whole estate over the coming months.

The retailer has already made the change in 340 branches but will roll out the tags more widely.

The chain said 1,500 stores will have the labels by the end of the year and will be rolled out across all its nearly 2,400 by the end of 2026.

The electronic labels are designed and created by VusionGroup, which also works with Asda.

Steven Logue, Co-op’s head of operations, said: “With convenience at the heart of everything we do Co-op is committed to continually exploring innovative technology that can improve how we operate.”

Co-op said the new electronic labels will show allergen and nutritional information and products’ country of origin, as well as deals and savings.

SHOPPERS are set for a major boost as a supermarket giant launches its first ever Express store in the UK.

It marks the start of a huge national rollout that’ll see up to 20 new stores open before the end of the year.

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The retail titan, Asda, has opened the doors to its brand-new Express in Castleford, West Yorkshire,

It’s the first time Asda has taken its famous yellow and green brand into the world of small-format convenience stores, as it looks to take on Tesco Express and Sainsbury’s Local head-on.

The new shop, built on the site of a former pub on Holywell Lane, has been completely transformed into a slick, modern mini-market packed with more than 3,000 products.

From meal deals and snacks to fresh fruit, booze and ready meals, locals can now grab all their essentials in one quick stop.

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It’s open every day from 6am to 11pm, making it perfect for early risers, night owls, and anyone in desperate need of milk after hours.

The store also comes kitted out with handy extras, including a Costa Coffee machine, ATM, and Amazon collection point, plus, you can get your shopping delivered via Uber Eats, Just Eat or Deliveroo.

Shopping bargains

Asda says the new Express format is designed to bring its trademark low prices and big-brand bargains to places where it’s not always had a strong presence.

New locations will pop up in busy city centres, transport hubs and even residential areas.

It’s all part of the supermarket’s mission to “bring unbeatable value to even more communities” across the UK, according to bosses.

Joseph Sutton, Asda’s Vice President for Express, Foodservice and Fuel, said:

“We’re delighted to have opened the doors today in Castleford, marking the start of our Express store rollout as we bring Asda’s unbeatable value to new communities across the UK.”

He added: “From top-up essentials to convenient food-on-the-go options, we’re excited to welcome new customers and offer outstanding value.”

Rapid growth

Asda first dipped its toe into the convenience market in 2022, and things have moved fast.

The supermarket now plans to have around 500 Express stores open by the end of the year, with even more coming in 2026.

Each store will also feature electronic shelf-edge labels (a fancy way of saying digital price tags), designed to make life easier for staff and keep prices crystal clear for shoppers.

So whether you’re nipping in for bread and milk or a cheeky lunchtime sandwich, chances are you’ll soon be doing it in an Asda Express near you.

More on Asda

It come’s after Asda announced its price reductions, cutting the cost of nearly 1,000 everyday products.

The reductions will be available both in-store and online and will include massive discounts on cupboard staples such as pasta, cooking sauces and tea and coffee.

Meanwhile, Asda is following three other major supermarkets in introducing a big change to aisles across 186 stores from October.

The supermarket chain has introduced dedicated menopause aisles as has online grocery store Ocado.

This roll-out hopes to “raise awareness and understanding of the menopause experience,” said Matt Pryde, Senior Buying Manager for Asda Toiletries.

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MORRISONS is to introduce a big change to its stores to make sure shelves are stocked faster by floor staff.

The supermarket giant is rolling out a tracking app for store managers so they can see how quickly staff are unloading food onto shelves.

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It said the new system, which was first reported by the Telegraph, would allow them to identify when employees may need additional training.

It comes as Morrisons tries to win back shoppers from rivals, as it is set to be overtaken by Lidl as Britain’s fifth biggest supermarket.

The latest data shows that the discount retailer makes up 8.3% of the grocery market share against Morrisons’ 8.4%, according to Worldpanel.

This is compared to Morrisons‘ 8.6% a year earlier, and 9.4% in 2022.

The supermarket said it had been tracking how quickly staff were working for some time now to make sure the right number of workers were on the shop floor.

But the new app will “help teams understand their own performance” and allow employees’ work to be monitored by store managers, rather than the company’s head office.

A Morrisons spokesperson said: “Along with a lot of our sector, we have used ‘time and motion’ data for some time now to help us allocate hours to a store and ensure we have fair, consistent and standardised ways of working.

“To support this, we have created an app to help teams understand their own performance.

“This will allow us to be fair and consistent in recognising colleagues, whilst also identifying opportunities to coach our colleagues and understand where additional support and training may be required.”

Earlier this year, in a move to improve customer service in stores, Morrisons changed its rules for staff so that only certain workers would be allowed to enter stockrooms.

The retailer said it wanted to ensure it had “the right colleagues in the right place to deliver the best service to customers at all times”.

What else is happening at Morrisons?

Last year, Morrisons slashed over 3,600 jobs and closed 17 stores as part of a major shake-up to its operations.

The supermarket’s workforce dropped from 104,819 to 101,144 in the year leading up to October 27, 2024.

Thousands of jobs were axed across Morrisons’ stores, head office, as well as its manufacturing and distribution operations.

The latest job losses come after the Morrisons shut 17 of its stores around the UK earlier this year, with the final store in Haxby, North Yorkshire, closing on May 14.

The 16 other stores were all axed in April.

As part of a cost-cutting overhaul, the grocer also shut more than 50 of its in-store cafés, 35 meat and fish counters, and 18 Market Kitchen food courts earlier this year.

It cited the need to cut costs amid rising financial pressure.

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A MAJOR supermarket with 340 branches is set to close a site tomorrow.

The supermarket specialises in frozen food but also stocks a wide-range of well known brands such as Muller, Birds Eye and McCain.

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Heron Foods was first established in 1978 after operating as a local butcher in Hull under the name ‘Grindells Butchers.’

After Anthony Grindell sold the business to his sister and her family, the name was changed and the chain started to grow.

The company now runs 343 locations across the UK, however it will suffer a huge blow.

It has now been announced that the Scunthorpe store is set to close its doors for the final time.

In the Heron Foods Scunthorpe Facebook group, one of the admins wrote to the chain’s loyal customer base to announce the news.

The post read: “Dear Valued Customers, we want to thank you for your continued support and loyalty to our Heron Foods store in Scunthorpe.

“It’s been a pleasure serving the local community, and we’re incredibly grateful for the relationships we’ve built over the years.

“We’re writing to let you know that our Scunthorpe store, located at Jubilee Way in the Parishes Shopping Centre, will be closing down.

“This decision was not made lightly, and we understand it may come as disappointing news to many of you.”

It was also revealed that the shop will close its doors for the final time before the weekend has even finished.

The post continued: “Our final day of trading will be the 27th September, and until then, we’ll continue to offer great value and service.

“We encourage you to visit us before we close to take advantage of our remaining stock and special offers.”

The account added: “While this location is closing, we remain committed to serving our customers across the UK. You can continue to shop with us at nearby Heron Foods stores.

“Thank you again for being part of our journey in Scunthorpe. We’ll miss you!”

Customers flooded the comments section of the post to express their immense disappointment at the decision.

One user wrote: “Shame you always have good bargains, going to miss you.”

A second stated: “Shame it’s shutting down always go in there every week.”

“Not good for the town yet again another good shop to close,” claimed a third concerned resident.

While this location is closing, we remain committed to serving our customers across the UK.

Shop adminFacebook

While a fourth commented: “It’s an absolute shame for the wonderfully helpful staff.”

And a fifth added: “Feel sorry for all the people that use the shop in the town that get their good bargains etc.”

However, the chain is launching a new site in Byker, Newcastle which is set to open its doors to customers on October 16th.

The company is also investing in a refurbishment in its Fulwell shop in Sunderland that is due to reopen at the start of October.

In August 2017, B&M purchased the chain in a reported £152million acquisition.

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A MASTERCHEF star has announced the closure of all of his UK pastry shops, after struggling to cope with climbing costs.

Graham Hornigold, who has also appeared on Junior Bake Off co-founded gourmet doughnut brand Longboys back in 2019, but just six years later, the business has gone bust.

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The brand’s three London sites, in Liverpool Street, Coal Drops Yard and Market Halls Canary Wharf have all closed their doors for their final time.

Writing on Instagram, the pastry chef explained: “You’ve probably noticed we’ve been a little quieter than usual.

“The truth is, with rising inflation, changes to NI, and product costs spiralling, the past few months have been incredibly tough.

“Like so many small independents across the UK hospitality industry, we’ve felt the impact hard.

“You may have seen that we made the difficult decision to close all Longboys sites in the hope of reopening. Sadly, we won’t be able to bring them back.

“But this isn’t the end -it’s a redirection.”

Graham added that himself and his team will “dust ourselves off and go again”.

Longboys was famous for its finger shaped doughnut and eclair hybrids, filled with creative flavours, such as Sticky Toffee Pudding and Raspberry Rose Lychee.

Commenting under the post, pastry fans shared their devastation at the closure.

One person said: “Gutted to hear this news!

“Look forward to your return soon.”

A second person said: “Your lychee raspberry donuts will be living rent-free in my mind forever.”

A third person added: “Sorry to hear this news. I enjoyed many visits to your Coal Drops Yard shop.”

More restaurant closures

And Longboys isn’t the only eatery that’s struggled to stay afloat.

Rick Stein’s Marlborough restaurant could be set to close its doors for good, just five years after being saved.

A spokesperson for Rick Stein Marlborough told Gazette and Herald: “We can confirm that we are proposing the closure of our Marlborough restaurant and are consulting with the team to explore whether this can be avoided.

“Our other restaurants and rooms continue to trade well, but this particular site has not delivered the same level of return.”

And last month, Channel 4 chef Dom Taylor announced he is closing his Marvee’s Food Shop in Ladbroke Grove, West London, due to “unforeseen circumstances”.

The Caribbean restaurant only opened a few month’s prior, in May, as part of the music and events space UNDR, near the famous Portobello Road.

BANK branches across the UK continue to close at pace as Lloyds and NatWest confirm more branches are to shut for good in the coming weeks.

Hundreds have already shut so far this year with a staggering 163 more closures in the pipeline for the coming months.

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Banks are set to close a slew of their stores over the coming weeks and months.

In September alone, a total of 26 NatWest branches and 13 Halifax branches will pull down the shutters for good.

The closures are set to extend into October and November as banks grapple with the customer turn toward online and mobile banking.

And banks including NatWest and Lloyds have confirmed even more closures too with some now earmarked for 2026.

Banks and building societies have closed a whopping 6,443 branches since January 2015 equating to 53 closures every month, according to to consumer champion Which?

Sam Richardson, Which?’s deputy editor, said that the closures represent a “seismic shift” in how Brits bank.

NatWest

NatWest is just one of the major banks to be closing a swathe of its sites throughout the UK.

According to the Metro, a NatWest spokesperson said that more than 80% of its current account holders use digital services, and over 97% of retail accounts are opened online.

A total of 54 branches will be pulling the shutters down this year and since 2015, the NatWest Group — which also includes Royal Bank of Scotland and Ulster Bank — has shut 1,409 branches.

Full list of NatWest closures

NatWest are closing a huge number of bank branches in the coming weeks and months.

• Abingdon, September 24
• Birmingham (Acocks Green), September 16
• Birmingham (Edgbaston), September 11
• Birmingham (Shirley), October 1
• Birmingham (Smethwick), September 25
• Bicester, September 30
• Bridgwater, October 27
• Bridport, October 29
• Bristol (Fishponds), September 4
• Cardiff (Canton), September 16
• Cardiff (Llanishen), September 11
• Chippenham, October 15
• Cirencester, September 17
• Cwmbran, September 1
• Dorchester, October 22
• Ely, September 10
• Halesowen, September 3
• Hinckley, September 17
• Honiton, October 21
• Luton (Leagrave), September 15
• Leicester (Melton Road), September 2
• Leicester (Oadby), September 10
• Leighton Buzzard, October 28
• Llangefni, September 4
• Lowestoft, October 15
• Melton Mowbray, September 29
• Midsomer Norton, October 8
• Mold, October 21
• Neath, October 13
• Newmarket (Suffolk), September 24
• Northampton (Weston Favell Shopping Centre), September 15
• Paignton, October 2
• Rayleigh, September 2
• Redditch, October 14
• Ringwood, October 1
• Romsey, October 13
• Leamington Spa, October 1
• Stevenage, October 7
• Stratford-upon-Avon, October 8
• Sudbury, September 30
• Trowbridge, October 16
• Wellingborough, October 7
• Wickford, September 18
• Willerby, September 22
• Wisbech, September 1
• Yate, September 25

Expected to be confirmed later:

• Ashby-de-la-Zouch
• Cromer
• Evesham
• Launceston
• Portishead
• Torquay

Lloyds

Lloyds will close a number of its branches for good in the coming weeks with more closures announced for March 2026.

While four branches will shut in September, a further 23 will close for the final time in October and November while 13 more are due to wind down in March next year.

The bank says they assess “impact on customers” when it comes to shutting its branches.

Full list of Lloyds closures

Lloyds are set to close a number of branches before the year is out with 13 also confirmed for 2026.

• Biggleswade, November 5
• Blandford Forum, November 10
• Bristol Bishopsworth (Church Road), November 6
• Bury, October 21
• Chard, November 11
• Coventry (Foleshill), November 4
• Debden, November 12
• Dunstable, November 4
• East Grinstead, November 12
• Feltham, November 4
• Ferndown, November 17
• Hexham, November 5
• Hornchurch, September 11
• Kidderminster, October 16
• Leeds (Armley), September 22
• Loughton, November 12
• London (Tooting), October 8
• London (Walthamstow), October 22
• Manchester (Newton Heath), November 5
• Monmouth, September 12
• Plymstock, November 4
• Pontardawe, November 20
• Sheffield (Woodhouse), November 11
• Shipston-on-Stour, November 11
• Southall, October 15
• Stoke-on-Trent (Trent), October 10
• Thetford, September 12

Those due to close in March 2026 are:

• Briggs, March 3, 2026
• Catheram, March 5, 2026
• Falmouth, March 5, 2026
• Glossop, March 9, 2026
• Houghton-le-Spring, March 10, 2026
• Hucknall, March 4, 2026
• Leominster, March 3, 2026
• Peterlee Yoden Way, March 3, 2026
• Seaton, March 11, 2026
• Sleaford, March 12, 2026
• Thornbury Avon, February 26, 2026
• Tunstall, March 9, 2026
• Wymondham, March 12, 2026

Halifax

Halifax is another bank that have now announced closures for next year.

Lytham Road is due to close in February 2026 while four more will shut the following month.

The bank has previously reported a 48 per cent drop in face-to-face transaction at their branches in the last five years.

Because customers are using branches less, the brand has closed an enormous number in an effort to cut costs.

Full list of Halifax closures

Halifax will close a number of its branches from now through to November and have also earmarked several for closure next year.

• Barrow-in-Furness, September 10
• Bexleyheath, October 23
• Blackpool (Lytham Road), October 29
• Bolton, November 25
• Brentwood, September 10
• Bristol (Kingswood), October 8
• Carmarthen, October 6
• Castleford, September 8
• Cirencester, September 25
• Crewe, October 14
• Derby, October 23
• Eltham, October 29
• Epsom, September 15
• Erdington, September 24
• Folkestone, October 9
• Hayes (Hillingdon), October 6
• Hexham, November 11
• Hove, October 20
• London (Clapham Junction), September 23
• London (Woolwich), October 1
• Long Eaton, September 18
• Mold, October 16
• Monmouth, September 30
• Morecambe, September 29
• Northwich, September 3
• Rhyl, September 23
• Richmond (Surrey), September 16
• Sittingbourne, October 15
• Skegness, September 3
• Southport, October 7
• Stevenage, October 23
• Stretford, October 15
• Telford, October 22
• Thetford, October 1
• Walkden, September 25
• Wallasey, September 4
• Wickford, November 10

Those due to close in 2026 are:

• Birmingham (Beardwood), March 2, 2026
• Lytham Road, February 24, 2026
• Nelson, March 4, 2026
• Peterlee, March 3, 2026
• Sleaford, March 12, 2026

Santander

Santander will be closing a fifth of its branches in a major cost-cutting mission. 

The brand have confirmed 19 branch closures after 14 shut up shop for good in August.

Surrey Quays branch will shut on November 10 while the remaining branches are yet to have a confirmed closure date.

Santander has confirmed previously that 93% of the UK population will still be within 10 miles of a branch

Full list of Santander closures

Santander will close 19 branches but only one has a confirmed date for closure.

• Surrey Quays, November 10
• Bexhill, TBC
• Billericay, TBC
• Dover, TBC
• Droitwich, TBC
• Dunstable, TBC
• East Grinstead, TBC
• Holyhead, TBC
• Ilkley, TBC
• Larne, TBC
• Lytham St Annes, TBC
• Maldon, TBC
• Morley, TBC
• North Walsham, TBC
• Redcar, TBC
• Saffron Walden, TBC
• Turriff, TBC
• Uckfield, TBC
• Urmston, TBC

Bank of Scotland

Bank of Scotland is closing five of its branches in the remaining months of 2025.

As with Lloyds and Halifax, closures have now been confirmed for next year too.

Wider trends

As of last December, 64% of the branches that were open at the start of 2015 are now closed.

Branch closures peaked in 2017, when 867 sites closed across the UK, more than 70 each month, followed closely by 792 closures in 2018.

But community groups and campaigners point out that the closures are a concern for older people who are less comfortable with digital technology.

Research shows 39 per cent of people aged over 65 do not use online banking, putting them at high risk of financial exclusion.

SAMANTHA Cameron’s luxury fashion brand Cefinn is set to shut its doors after eight years.

The wife of former PM Lord Cameron said the decision was “very hard”, but admitted industry pressures had made it impossible for the label to stay afloat.

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Cefinn’s next winter collection, launching later this month, will be its final offering.

The brand will continue to trade through its London stores and its website in the coming months, allowing customers to snap up the remaining pieces.

Lady Cameron, who worked in fashion before her move to No10, has had her label celebrated for its stylish yet practical designs for modern women.

It has been worn by both Princess Kate and Queen Camilla.

But retail firms have been hit hard by the Labour Government’s hikes to the minimum wage and employers’ National Insurance contributions in April, as well as the impact of rising business rates.

It comes as plus-size fashion brand Live Unlimited has filed a note of intent to appoint administrators this week.

Public filings reveal that the firm has enlisted advisers from Irwin Mitchell to manage the process.

A note of intent typically gives a retailer ten days before it officially goes bust, although this can be cut shorter if needed.

The label was launched in 2012 and has been stocked online and in-store by both Next and John Lewis.

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SPOONS SPICE

WETHERSPOONS is adding Irish takeaway dish The Spice Bag to its menus in England, Scotland and Wales later this month.

From September 17, punters can enjoy the salt and chilli chicken strips dish, including red onion, chillies and coriander, for £8.99 with a soft drink — or £10.52 with a pint.

Sarah Shaw of the pub chain said: “It has already proven extremely popular with customers in our Republic of Ireland pubs.”

HIGH streets across the UK are facing more closures as major retailers shut their doors today. 

 Poundland, Game, and The Original Factory Shop are among the chains cutting back on stores, leaving shoppers with fewer options. 

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These closures are part of wider restructuring plans as businesses adapt to changing shopping habits and financial pressures.

Here are all the stores shutting on your local high street today.

Game

Game is closing its Metrocentre store in Gateshead today (September 7).

The closure is part of changes by its owner, Frasers Group.

The company is reducing the number of stores as more shopping moves online and into concessions.

The chain has around 240 stores across the UK. Another store in the Galleries Shopping Centre, Bristol, will close on September 25.

However, a Game concession inside the Sports Direct store in the same shopping centre will stay open.

Both closing stores are holding big sales to clear stock.

Shoppers can get discounts of up to 20%.

Poundland

Poundland’s Pontypool store is set to close today (September 7), followed by the closure of its Irvine branch on 14th September.

Recently, discount chain avoided going into administration by getting creditors to agree to restructuring plans, which included closing stores and cutting jobs.

Poundland’s restructuring will see the chain close a total of 68 stores.

The restructure also includes rent cuts at up to 180 stores and the closure of its frozen food and online shopping.

Meanwhile, the Darton frozen food distribution centre will shut later this year.

This will mean online shopping and frozen food will no longer be offered by Poundland.

The Bilston national distribution centre is also set to close in early 2026.

Come September 16, shoppers will no longer be able to buy products online and its loyalty scheme, Poundland Perks, will be axed.

Customers who have signed up to the Poundland Perks app have until January 15, 2026, to use their reward vouchers.

But Poundland plans to expand its £1 product range and focus on womenswear and seasonal items if the restructure goes ahead.

Original Factory Shop

The Original Factory Shop has been closing stores across the UK as part of a major restructuring plan.

Branches in Kidwelly, Carmarthenshire, Normanton, West Yorkshire, and Kirkham, Lancashire, are among those that have already shut their doors.

Next in line are the Chard store, which closed today (September 7) and the Market Drayton branch, set to shut on September 20.

The Original Factory Shop was bought by Modella Capital, a private equity firm, in February.

Modella is known for taking on struggling retailers and has also recently bought Hobbycraft and WHSmith’s high street shops.

The firm quickly launched a restructuring effort to renegotiate rents at 88 The Original Factory Shop stores.

At the end of April, Modella drew up plans to initiate a company voluntary arrangement (CVA) for the retailer.

Companies often use CVAs to avoid insolvency, which could otherwise force stores to close or trigger the collapse of the entire business.

They allow firms to explore different options, such as negotiating reduced rents with landlords.

But The Original Factory Shop previously told The Press and Journal that a “number of loss-making stores would have to close” in the restructuring.

What else is happening on the high street?

Bodycare, which begun as a market stall in Lancashire back in the 1970s and has 147 UK stores, appointed administrators from Interpath Advisory on Friday.

Exactly 32 stores closed with immediate effect, with around 450 employees made redundant.

Currently, 115 stores remain open and are trading as usual while administrators explore options for the future of the business.

However, if a buyer cannot be found, further store closures may occur.

Like many of its peers, Bodycare has felt the burn of risings cost coupled with shoppers having less money to spend at the till.

Recently, River Island avoided going into administration by getting creditors to agree to restructuring plans, which included closing stores and cutting jobs.

River Island will close up to 33 stores in January to help write off the fashion brand’s debts.

Locations in major UK cities including Edinburgh, Leeds, Oxford, Brighton and Perth are all expected to close.

Meanwhile, fashion retailer New Look has closed a dozen sites in the UK this year and also exited Ireland.

Last month, Claire’s also collapsed into administration and stopped online orders for its customers.

Plus, H&M-owned fashion chain Monki closed the last of its high street stores in August.

SEVERAL major high street bank brands are set to slash opening hours at hundreds of branches within days, The Sun can reveal.

Lloyds Banking Group, which operates Lloyds, Halifax, and Bank of Scotland, is set to shake-up opening hours at all 757 of its branches from September 29.

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The move is being branded as a step towards consistency and improved staff wellbeing, but it will also mean less time for customers to access in-person banking services.

Under the new rules, branches will open later and close earlier than many currently do.

Weekday opening times will shift from 9am to 9.30am, with an even later start of 10am on Wednesdays to allow for dedicated staff training and development.

Closing times, which currently vary between 4.30pm and 5pm depending on the branch, will now be standardised to between 3.30pm and 4.30pm.

This means customers who previously had access to branches for longer hours will now lose up to 90 minutes of service each day.

Saturday hours are also being reduced, with branches opening at 9.30am instead of 9am.

Most will close by either 1pm or 3pm, cutting 30 minutes from morning banking services.

These changes will result in a net reduction of banking hours across the week.

For example, customers who rely on branches that currently open at 9am and close at 5pm could lose significant time for banking tasks.

The reduction in opening hours reflects a broader trend in the banking industry, as more customers shift to online and mobile banking.

With fewer people visiting branches in person, banks are cutting back on physical service times.

The changes are set to come into effect on September 29, with staff already being informed of the adjustments.

Customers who rely on in-branch services are being advised to check the new opening hours before planning their visits.

You can check your local branch’s operating hours by visiting branches.lloydsbank.com.

Lloyds Banking Group was contacted for comment.

How do I switch bank accounts?

SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS).

Dozens of high street banks and building societies are signed up – there’s a full list on CASS’ website.

Under the switching service, swapping banks should take seven working days.

You don’t have to remember to move direct debits across when moving, as this is done for you.

All you have to do is apply for the new account you want, and the new bank will tell your existing one you’re moving.

There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account.

You should get in touch with your existing bank for any old statements.

When switching current accounts, consider what other perks might come with joining a specific bank or building society.

Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts.

And some banks offer free travel or mobile phone insurance with their current accounts – but these accounts might come with a monthly fee.

Other bank changes

Lloyds, Halifax, NatWest and Bank of Scotland is also closing a total of 119 branches over the next few months.

Last month, the Co-operative Bank announced plans to reduce opening hours at some of its branches by up to three hours a day.

In addition, 18 of these branches will close for one weekday each week.

Starting in January 2026, up to 25 of the affected branches will also shut on Saturdays.

However, the bank has confirmed that none of its branches will be permanently closed as part of these changes.

In June, Santander cut opening hours in half at 36 branches.

This move came as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18 to “counter-free” service desks.

In April, Nationwide revised the opening times at 12 high street branches.

This means the days when your local branch would normally be closed have now been shifted to different days of the week.

A BELOVED American fast food chain that is popular among celebrities is opening in the UK for the first time.

Not only does it have over five million followers on socials, but also fans such as Snoop Dogg, Post Malone, Cardi B, Cynthia Erivo and Travis Kelce.

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Raising Cane’s has been a favourite fast food joint in the US, particularly known for its chicken fingers.

Its first flagship will open in a UK hot spot next year, to mark the brand’s European debut.

The new Raising Cane’s will take over the former Angus Steakhouse site in London’s Piccadilly Circus.

It is set to open its doors late in 2026, as the first of several restaurants planned to come to London.

Expected to be a site with bold signage and high visibility in the centre of Piccadilly Circus and Leicester Square, the new branch will fit right into its vibrant West End location.

Opening at 21-22 Coventry St, it will be right amidst the nightlife, entertainment, theatre and shopping district.

Raising Cane’s loyal fanbase in the States have loved its “Craveable Chicken Finger Meals” and five core menu products.

These include its iconic Crispy Chicken Fingers, that are said to be have been marinated for more than 24 hours, and hand-breaded.

There is also Buttery Cane’s toast, which is an American classic of thick-sliced white bread that is spread with butter and then grilled until golden or crispy “to perfection”.

Another staple is the Crunchy Coleslaw which is described to be hand-mixed and made fresh.

And finally, their Crispy crinkle-cut fries that are served hot and salted.

There is also Cane’s Sauce that is iconic to the restaurant, and has been awarded the number one “most craveable sauce” in the restaurant industry, along with its chicken.

The addition of Raising Cane’s to London’s Piccadilly Circus will mean it joins some other globally iconic locations that the restaurant chain can be found, including Times Square and the Las Vegas Strip.

As is tradition with the fast food restaurant, it will also feature curated memorabilia and decor to pay homage to the location’s community, history and icons in London.

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Raising Cane’s co-CEO and COO AJ Kumaran said: “Bringing Raising Cane’s to the UK has been a dream of ours for many years and we’re excited to officially open the doors to our UK flagship late next year.

“We love the vibrant and eclectic atmosphere of Piccadilly Circus and are looking forward to marking this milestone with a flagship in the heart of London.

“With more than 950 restaurants across the US and Middle East, Europe presents an excellent expansion opportunity as we embark on this next phase of growth, and we’re excited to begin that growth with the UK.”

Raising Cane’s was founded in 1996 in Louisiana by Todd Graves, who wanted to present a Chicken Finger-focused concept.

“The Mothership” first restaurant opened in Baton Rouge in Louisiana, which Graves built by hand and it still stands today.

He said: “When I started Raising Cane’s 29 years ago, I never imagined we’d grow to where we are today as we announce our expansion into the UK with the opening of our UK flagship in iconic Piccadilly Circus.

“The demand from our customers and fans in the UK has been incredible and I can’t wait to show London what we’re all about.”

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POUNDLAND has shut another location in a “surprise move” after leaving it off the recently published list of store closures.

One of the popular budget retailer’s Birmingham branches has ceased trading for good.

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This comes after Poundland confirmed the locations of 48 store closures earlier this week.

The discount giant is currently undergoing major restructuring plans which include the shuttering of a whopping 68 shops by mid-October.

Among those to be closed in Birmingham were the Kings Heath and Sheldon branches on August 24, as well as the Erdington store on August 31.

However, the prominent Selly Oak Battery Retail Park was not featured on the list, but has since permanently closed down.

Shoppers were alerted to the news with signs on the shopfront reading “sorry, this store is now closed.”

Birmingham isn’t the only area facing Poundland closures, as 12 more stores across the UK are set to cease trading this week.

Ahead of the closures, a huge 75% off sale is well underway.

The Sun reported that the bargain retailer is preparing to close locations in Newcastle, Salford, Canterbury and Coventry, among many others by the end of this week.

As it stands, Poundland operates 800 stores nationwide, but the company hopes to significantly reduce this number to between 650 and 700.

The closures come as Polish owner Pepco Group sold Poundland to a US investment firm Gordon Brothers for £1 after a downturn in trading.

Pepco Group has owned the retail chain since 2016.

The retailer was put up for auction in March, with Homebase owner Hilco then reported among the bidders.

Major restructuring plans have since followed which include the string of store closures, and an £80million cash injection.

This restructuring will also facilitate the closure of its frozen and digital distribution centre in Darton, South Yorkshire, later this year.

The firm plans to shut its national distribution centre in Bilston, West Midlands by early 2026 as well.

Poundland will also stop selling products online and focus on expanding its womenswear and seasonal ranges.

On the closures, Darren MacDonald, retail director at Poundland, said: “While our anticipated network of around 650-700 stores remains sizeable, it is of course, sincerely regrettable that we’re closing a number of stores to allow us to get us back on track.

“We entirely understand how disappointing it will be for customers when a store nearby closes, but we look forward to continuing to welcome them to one of our other locations.

“Work is underway to with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles.”

Full list of Poundland August closures:

The following Poundland stores closed permanently on August 17:

• Bedford
• Bidston Moss
• Broxburn
• Craigavon
• Dartmouth
• East Dulwich
• Falmouth
• Hull St Andrews
• Newtonabbey
• Perth
• Poole
• Sunderland
• Stafford
• Thornaby
• Worcester

An additional 12 locations will shut on August 24:

• Brigg
• Canterbury
• Coventry
• Newcastle
• Kings Heath
• Peterborough
• Peterlee
• Rainham
• Salford
• Sheldon
• Wells
• Whitechapel

Finally, on August 31, the following branches will also close:

• Blackburn
• Cookstown
• Erdington
• Kimberley Kimberley Shopping Centre, Nottingham
• Horsham
• Hull Holderness
• Kettering
• Omagh
• Shepherds Bush
• Southport
• Taunton

A MAJOR garage has closed down at the worst possible time – after thousands of drivers across the country were ordered to avoid using their cars as part of a huge recall.

A serious fault recently discovered in Citroen and DS3 vehicles has resulted in a nationwide safety notice.

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However, the sudden closure of Duff Morgan Citroen and Peugeot – a widely-used service centre in Norwich – has now left many vehicle owners in the lurch.

According to the Eastern Daily Press, the service centre and its Express Service, located on Whiffler Road, closed its doors several weeks ago.

And while the reason for the outlet’s closure has not been revealed, it does coincide with one of the largest car recalls the country has experienced so far this year.

The recall, first announced back in June, targets certain Citroen and DS3 vehicles due to potentially faulty airbags.

It has left thousands of UK drivers unable to use their cars, as Stellantis, the parent company of Citroen, issued an urgent “stop driving” alert.

The affected models include all Citroen C3 and DS3 vehicles manufactured between 2009 and 2016, as well as some DS3 models produced from 2016 to 2019.

Recently, the recall was also expanded to include C4, DS4 and DS5 models.

Reports suggest the expansion added roughly 9,968 UK cars to the total, meaning nearly 106,000 Citroen or DS vehicles in Britain are covered by the stop‑drive action.

The recall was prompted by concerns over airbags supplied by the now-defunct Japanese manufacturer Takata, whose components have been linked to fatal accidents.

In one incident, a driver in France was killed after a minor collision resulted in metal shrapnel from a faulty airbag hitting them – prompting an immediate reaction from the company.

Consumer protection organisation, Which?, has since slammed Stellantis for their “chaotic” handling of the recall and called on them to make urgent improvements.

Thousands of customers across the country have been left unable to drive their cars, with many having no alternative modes of transport, according to Which?.

No incidents are yet to be reported in the UK, but the consumer group has expressed its concern for the lack of clarity around available compensation for customers.

They outlined how “major upheaval” had been caused for customers who were reliant on their cars.

This has only been compounded for Norwich residents, as the closure of the Duff Morgan service centre means many have been unable to get repairs necessary for them to use their cars to access work, healthcare appointments or essential activities, such as taking their children to school.

Elderly individuals in rural areas have also experienced isolation due to the lack of transportation.

Many owners across the country have already complained of substantial delays in receiving necessary repairs, with garages struggling to source replacement airbags.

Sun Motors has contacted Duff Morgan for a comment, an explanation on why the site has closed, and which alternative locations frustrated car owners can take their cars for repairs.

Citroen & DS models affected by UK ‘stop drive’ action

• Citroen C3 (second gen) – built from 2009 to 2016
• Citroen DS3 – built from 2009 to 2016
• DS Automobiles DS3 – built from 2016 to 2019
• Citroen C4 – built from 2010 to 2018
• Citroen DS4 – built from 2010 and 2017
• Citroen DS5 – built from 2010 to 2018

IKEA fans won’t have to wait much longer — the Swedish giant’s long-awaited new store will open its doors in just 48 hours.

The brand-new branch, located in Brighton’s Churchill Square Shopping Centre, takes over the former Debenhams site which has been empty since 2021.

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Shoppers will be able to step inside from 10am on Thursday, August 14 , to explore thousands of affordable homeware items, and tuck into the famous meatballs.

Spread across two floors and 6,695 square metres, the store will offer 2,600 products for immediate takeaway and access to the full 12,000-strong range via delivery or collection.

It’s the first full IKEA store in the city, meaning Brighton locals will no longer need to trek to Croydon or Southampton for the full shopping experience.

Bosses say the new shop has been created with the “city at its heart”, with displays inspired by local homes and Brighton’s seaside style.

Six roomsets have been co-created with residents, including ceramicists Adam Johnson and Dan Mackey, to show off colourful, space-saving ideas and a nod to the city’s famous beach huts.

Adam said: “We’ve always loved IKEA because it’s like an interiors disco – and what’s life without a little sparkle?”

The first floor houses a 100-seat Swedish Deli serving meatballs, plantballs and sweet treats, all with sweeping sea views.

The Swedish Food Market will sell ingredients and snacks to enjoy at home.

On the ground floor, bargain hunters can snap up pre-loved and discontinued items in the Re-shop & Re-use area.

There’s also a home planning hub where shoppers can get one-to-one help designing kitchens or bedroom storage.

Quick bites and drinks will be available at the Swedish Bite kiosk.

Market Manager Karina Gilpin said: “Our city centre location in Churchill Square means customers can conveniently drop in while out and about, to seek inspiration for their homes, browse our range, access our expert planning advice, or enjoy our delicious meatballs or plantballs.”

To celebrate the launch, the first 100 IKEA Family Members through the doors will get a blue FRAKTA bag with a mystery gift card worth between £1 and £1,000.

Brighton will be IKEA’s third city-centre store in the UK, following Oxford Street and Hammersmith in London.

The opening is part of the retailer’s push for smaller, high street-friendly locations, moving away from giant out-of-town warehouses.

The Churchill Square store will open 10am to 8pm Monday to Saturday, and 11am to 5pm on Sundays.

Where is my closest Ikea?

A quick way of figuring out if you have an Ikea store near you is by using the retailer’s locator tool on its website.

You just have to enter the town or city where you live, or your postcode and it will pull up the nearest site.

The same page has a helpful map showing where all of the 21 current stores are located.

Below we reveal the full list of Ikea stores in the UK:

• Croydon
• Hammersmith
• Greenwich
• Lakeside
• Wembley
• Birmingham (Wednesbury)
• Nottingham
• Bristol
• Cardiff
• Exeter
• Belfast
• Manchester
• Warrington
• Edinburgh
• Gateshead
• Glasgow
• Leeds
• Sheffield
• Milton Keynes
• Reading
• Southampton

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A MAJOR high street retailer has launched a huge closing down sale ahead of the closing of six of its branches across the UK.

GAME – which operates around 240 stores across the UK – has slashed the prices of some of its products by up to 20 per cent across the closing outlets.

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The retailing giant announced the closure of six of its stores across the UK in August and September, including outlets in Eldon Square in Newcastle and at Galleries Shopping Centre in Bristol.

Fans of the gaming store spotted major discounts at their local outlets that are due to be shut.

GAME, which stocks video games, consoles, and even LEGO products, is owned by Frasers Group – the company behind brands Sports Direct and House of Fraser.

Closing down sale signs were seen outside the popular store in Eldon Square last month, reports ChronicleLive.

Even more have appeared since the first sighting, with discounts slapped on countless products in the store.

These savings could grow even larger as the store heads closer to its final day of trading.

It is not yet clear, however, whether this will be in August, September, or at a later date.

Other stores due for the chop include one outlet in the Metrocentre Shopping Centre in Gateshead as well as another in Southend, Essex.

This follows the closure of a number of other GAME stores in recent months, including shops in the Trafford Centre in Manchester in June and the outlet in the Victoria Centre in Nottingham in July.

GAME was acquired by the Frasers Group, owned by businessman Mike Ashley, in 2019, as part of a £52 million deal.

However, in January 2020 the retailer announced plans to close 40 of its more than 300 stores across the UK.

Today, there are roughly 240 Game stores operating across the UK.

HIGH STREET STRUGGLES

The high street has majorly struggled in recent years due to a combination of factors.

Shoppers are buying much more of their products online, while retailers have faced higher rental, wage and energy costs.

The Centre for Retail Research says the sector has been going through a “permacrisis” since the 2008 financial crash.

Figures from the Centre show 34 retail companies operating multiple stores stopped trading in 2024, leading to the closure of 7,537 shops.

Businesses have cautioned more closures are to be expected this year as well due to the hike to employer NICs and staff wages.

The rate of employer NICs was hiked from 13.8 per cent to 15 per cent and the threshold at which they are paid lowered from £9,100 to £5,000 in April.

The national minimum wage was also increased by up to £12.21 a hour.

Some big names have already announced mass store closures in 2025, including Poundland, Hobbycraft and The Original Factory Shop.

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A BELOVED car garage with hundreds of thousands of fans has been forced to close its doors. 

The garage is shutting down after nearly six years, after its famous owner battled with “rising costs”. 

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Joe Betty first set up his famous garage Berrow Motors in 2020, in the sleepy town of Burnham-on-Sea.

During that time, he slowly built up his customer base and started posting videos about motors online – quickly racking up millions of views. 

His YouTube channel Shifting Metal takes viewers behind the scenes of his high-flying lifestyle, as he buys and trades luxury vehicles including Porsches, BMWs and Jaguars. 

However, after becoming one of the most famous motor influencers in Britain, Joe has been forced to close the garage which helped launch his career. 

The petrolhead and influencer says that rising costs are to blame for the sudden closure of Berrow Motors. 

He said: “We’ve had nearly six fantastic years here. 

“We’ve won awards, gained over 100,000 YouTube subscribers and raised over £30,000 for local causes — but have decided now is the time to move on.”

“The cost of running a business is constantly rising and has certainly played a part in my decision, but I also wish to focus more time on fundraising and other business ventures.”

He added: “I want to thank all of our wonderful customers for their business over the last few years and of course the team members who made Berrow Motors what it was.

“I really hope another motor trader takes over the site and makes a success of it – you couldn’t ask for better landlords than the Welland family.”

Fans flooded the comments section on Shifting Metal’s social media, as Joe broke the news. 

One wrote: “sorry to hear that the business is closing down. I wish you and your family all the very best for the future”

Others said they would miss Joe’s hilarious challenges that he would set himself on YouTube. 

In one video, he flipped a coin to set the price of a luxury land rover and, in another, he bought and sold a Mercedes C63 for an eyewatering £35,000.

After letting go of the garage, Joe says that he is going to be focusing on producing even more “car-centric” content online.

The news comes as even major car brands struggle to stay afloat.

Nissan has been forced to accelerate the closure of two of its factories in Mexico, as it slashes its number of global factories from 17 to 10.

The crisis-hit brand has been battling rising debt, which it is hoping to remedy through its Re:Nissan plan.

The UK government even threw the manufacturer a lifeline, by allowing UK Export Finance to underwrite a £1 billion loan for Nissan.

It is hoped that the move will keep the Sunderland factory – Nissan’s only site in the UK – open.

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FASHION accessories chain Claire’s is facing an uncertain future on UK high streets, after its US parent firm filed for bankruptcy.

It is the second time the ear-piercing favourite has declared itself bust, after previously filing for bankruptcy in 2018.

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Its finances are now under pressure from weak consumer demand and supply chain uncertainty.

The filings showed that the parent business reported liabilities of up to $10billion (£7billion) and owed between 25,000 and 50,000 creditors.

Claire’s operates 2,750 stores worldwide, including 280 in the UK.

While British stores remain unaffected for now, the UK arm has lost £25million over the past three years and is at risk of collapsing into administration later this month.

It has been working with advisers to explore a sale or restructuring.

However, potential buyers, such as Hilco Capital, are understood to have walked away.

Retail experts say Claire’s is struggling to stay relevant.

Julie Palmer, from Begbies Traynor, said: “Claire’s low-price offering is clearly not strong enough to win over its core customers — teens and young adults — as they now have access to a vast array of affordable and convenient products online through platforms like Amazon and Temu.”

Claire’s boss Chris Cramer said: “We remain in active discussions with potential strategic and financial partners and are committed to completing our review of strategic alternatives.”

METRO BANK ON THE UP

METRO BANK has bounced back, posting a £43.1million pre-tax profit for the first half of 2025 — up from a £33.5million loss reported in the same period last year.

The lender doubled new corporate and small business loans to £1billion, and cut 8 per cent from its costs by axing a third of its workforce and reducing branch hours.

Boss Daniel Frumkin said: “Our strong performance reflects the decisive actions we have taken.”

Elsewhere, Sabadell shareholders have approved the £2.65billion sale of TSB to Santander.

THE viral brand behind Labubu dolls will soon be on sale at one of Britain’s biggest toy chains at stores across the country.

From today, shoppers will be able to find toys from the highly sought-after brand.

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The Entertainer will see POP MART toys at select stores around the UK, as the start of a larger nationwide roll-out in coming months.

POP MART has grown its global audience, particularly with consumers’ increasing love for collectible toys like Labubu dolls.

The company, based in China, has pioneered the collectable toy market that is for both children and adults by merging art, fashion and pop culture.

They have revealed UK fans fans will be able to get their hands on iconic blind box collectables from POP MART.

This includes limited-edition favourites like MOLLY and SKULLPANDA which will be at select The Entertainer stores today.

The brand is already available at the latest The Entertainer store in Bluewater.

Six locations are included in the trial of POP MART products at The Entertainer, before they are rolled-out to additional stores nationwide in coming months.

The stores where the toys can be found include:

• Manchester Arndale
• Kingston The Bentall Centre
• Lakeside Shopping Centre
• Milton Keynes Centre: MK
• Sheffield Meadowhall
• Stratford Westfield

Coming in mystery-style blind boxes, a surprise figure is contained inside.

This has added to the growing excitement and demand for these products, which have even been popular amongst celebrities like Dua Lipa and Rihanna.

Chief Product Officer at The Entertainer, Brian Proctor, said: “As the POP MART phenomenon continues to rapidly grow, we’re thrilled to reveal that The Entertainer will stock the popular toys in selected stores.

“The upcoming arrival of POP MART at The Entertainer highlights our ongoing commitment to offering innovative and exciting products to our customers. In addition to the arrival of POP MART, we will continue to ensure that our diverse product range offers plenty of choices for toy fans across the country.”

The Entertainer has over 160 stores across the UK, with thousands of toys and games to offer customers.

It also provides through a thousand concessions like Tesco and Matalan, as well as trading internationally and online.

News of the products coming to the UK comes just as huge crowds have been swarming to toy stores to snap up the viral Labubu Dolls at POP MART stores countries across the world.

A queue in the German city of Berlin was seen extending all the way around the block of a POP MART store as it just opened with Labubu dolls.

The craze for these collectable toys has also being going off online.

TikTokers have been raving about the collection of new plush toys that have labelled the “next Labubus“.

The Wakuku dolls have been compared to Labubus, and shoppers are also able to get a blind box of the toys online.

These toys have really taken the internet by storm – with Chinese toymaker POP MART’s valuation skyrocketing to £31.6bn.

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A COCKTAIL chain has fallen into administration, with four sites shutting their doors for good.

Simmons has appointed advisory firm Kroll to oversee the administration, company filings show.

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In its most recent audited account the company posted a loss of £749,000 for the year to end March 2024, reversing a profit of just under £2million the previous year.

Last week Simmons revealed plans to close at least four sites to focus on its best performing venues.

The chain has venues across London and one in Manchester and offers cocktails, brunches and karaoke at its 21 locations.

Last week Nick Campbell, who founded the company in 2021, said the move would “streamline its portfolio and strengthen its financial position”.

He said: “As part of the process, we’ve taken the tough decision to exit four leases, allowing management to focus resources on our strongest performing venues.

“Alongside this, we’ve secured additional investment to support future expansion and operational improvements across the estate.”

Tough times for UK pubs

Many of Britain’s pub and bar chains are feeling the impact of the pandemic and cost of living crisis.

The hike in costs of every day goods has meant that punters have less money to part with at the till.

Meanwhile, hikes to employers’ National Insurance Contributions that were introduced in April have piled further pressure onto businesses that are already struggling.

Last month The Coconut Tree  announced that it would be wound down after defaulting on its Company Voluntary Agreement (CVA).

The Sri Lankan restaurant group entered into the agreement last July, according to a report in Restaurant Online.

As a result, the group was required to initially repay £27,000 a month for the first three months.

Meanwhile, Oakman Inns & Restaurants fell into administration, with six sites shutting their doors for good.

It will see a total of 19 sites either sold or closed for good.

Do you have a money problem that needs sorting? Get in touch by emailing [email protected].

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HOMEWARE giant Wayfair has slashed its UK workforce by more than half in just two years, as it grapples with tumbling sales and a sharp drop in profit.

The US-based furniture retailer, which operates across Britain, cut staff numbers from 847 in 2022 to just 405 by the end of 2024, according to fresh filings with Companies House.

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The dramatic reduction follows a tough period for the business, with UK turnover plunging from £83.4million in 2022 to just £59.4million last year.

Profits also took a hit, with pre-tax earnings slipping from £2.6million to £2.2million over the same period.

Wayfair said it had made a 17 per cent cut to administrative expenses and was now focused on “driving cost efficiency” and “nailing the basics” as it tried to steady the ship.

Despite the ongoing slowdown, bosses remain upbeat about the retailer’s long-term prospects and said the group is working towards maintaining profitability and generating positive free cash flow.

The wider company reported a net revenue of $11.9billion (£8.8billion) globally last year – down $152million (£112million) on the year before.

International sales fell to $1.5billion (£1.1billion), while revenue in its core US market dropped to $10.4billion (£7.7billion).

Wayfair recorded a net loss of $492million (£363million) despite raking in $3.6billion (£2.7billion) in gross profits.

There was some relief in early 2025, as first-quarter results showed a $1billion (£740million) rise in total revenue, thanks to a modest recovery in US sales.

However, international takings continued to fall, dipping by $37million (£27million) to $301million (£223million).

Wayfair isn’t the only retailer feeling the pinch on the high street. Furniture favourite MADE.com collapsed into administration in 2022 after failing to find a buyer, leading to hundreds of job losses.

Habitat also shut down all standalone stores in 2021, moving exclusively online after years of underperformance.

Even major players have been forced to adapt.

Wilko closed its doors for good in 2023 after nearly a century in business, with more than 400 stores shutting and 12,000 staff affected.

Argos has continued to reduce its physical footprint, shutting dozens of standalone shops and moving into parent company Sainsbury’s stores to save costs.

Retail experts say changing consumer habits, rising costs and weaker demand are continuing to batter the home and furniture sector.

Many shoppers have tightened their belts amid soaring bills and higher interest rates, with big-ticket items like sofas and beds often the first to be cut from household budgets.

Wayfair bosses said the company remains “resilient” in the face of economic uncertainty and is pressing ahead with its long-term strategy to streamline operations and stay competitive.

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