Major shoe retailer with more than 300 UK stores to close seaside town centre shop

1 hour ago 1

SHOPPERS person been near devastated aft a fashionable footwear retailer announced it volition propulsion down the shutters connected a seaside municipality centre shop.

"Closing down" signs person appeared astatine the Shoe Zone store successful Boscombe, Bournemouth - 1 of its 330 branches.

Shoe Zone is closing a fashionable  seaside branch

1

Shoe Zone is closing a fashionable seaside branch

Shoe Zone insisted the determination was made owed to "unseasonal weather successful the 2nd fractional of the year, peculiarly highest summer, arsenic good arsenic trading retired of 26 less stores".

The retailer is yet to denote the closure date.

The struggling steadfast witnessed a dip successful profits earlier tax of astir 40 per cent, Daily Echo reports.

Charles Smith, Shoe Zone chairman, told the media outlet: "A twelvemonth of 2 halves, with the archetypal fractional trading successful enactment with expectations and up of the erstwhile year, however, the 2nd fractional trading was beneath expectations owed to unseasonal upwind conditions, peculiarly astatine highest summer, however, our cardinal back to school play traded supra expectations astatine the extremity of the year."

Just weeks ago, the Shoe Zone subdivision successful Burgess Hill, West Sussex was pictured with ample "Closing Down Soon" banners.

The pictures were posted connected the local Facebook page Burgess Hill Uncovered.

The caption read: "Shoe Zone are not renewing their lease astatine Market Place Shopping Centre, truthful the store volition beryllium closing successful the adjacent future. Sorry to perceive this for the staff.

"How agelong bash you deliberation it'll instrumentality the cause to capable the portion (if astatine all!) and what would you similar to spot travel into the centre successful its place?"

The station was met with a flurry of comments, with galore locals complaining astir the fig of caller closures successful the area.

The news comes pursuing a fistful of Shoe Zone closures implicit the past 2 years.

The precocious thoroughfare concatenation closed 13 branches past year - including different successful Sussex.

This year, it has closed its Watford subdivision and announced respective different closures - including in Stoke-on-Trent and Inverness, Scotland.

End of an Era: Deichmann Closes Sauchiehall Street Store

But the brand is besides expanding its beingness with a fig of store refits and relocations successful the works.

The marque confirmed it opened 8 caller stores past twelvemonth successful November including Maidstone, Bristol, and newly-refitted stores successful South Shields, Gravesend and Colchester.

High streets crossed the UK person suffered from diminution implicit the past decade.

But it inactive has hundreds of branches crossed the country.

Some retailers person closed a fewer branches present and determination for assorted reasons, similar erstwhile a store lease has travel to an end.

Other examples of one-off alternatively than wide closures are if determination are changes successful the area, similar a buying centre closing, and successful immoderate cases, a store volition adjacent to relocate to different area.

Some chains person faced tougher conditions though, forcing them to unopen dozens of stores, oregon each of them successful the worst case.

Since 2018, 6,000 retail outlets person brought down the shutters, according to the British Retail Consortium.

The commercialized association's main enforcement Helen Dickinson OBE blamed the closures connected "crippling" business rates and the interaction of coronavirus lockdowns.

Why are retailers closing shops?

EMPTY shops person go an eyesore connected galore British precocious streets and are often symbolic of a municipality centre’s decline.

of a municipality centre’s decline.

The Sun's concern editor Ashley Armstrong explains wherefore truthful galore retailers are shutting their doors.

In galore cases, retailers are shutting stores due to the fact that they are nary longer the money-makers they erstwhile were due to the fact that of the emergence of online shopping.

Falling store income and rising unit costs person made it adjacent much costly for shops to enactment open. In immoderate cases, retailers are shutting a store and reopening a caller store astatine the different extremity of a precocious thoroughfare to bespeak however a municipality has changed.

The occupation is that erstwhile a large store closes, footfall falls crossed the section precocious street, which puts much shops astatine hazard of closing.

Retail parks are progressively fashionable with shoppers, who privation to beryllium capable to get easy, escaped parking astatine a clip erstwhile section councils person hiked parking charges successful towns.

Many retailers including Next and Marks & Spencer person been shutting stores connected the precocious thoroughfare and taking bigger stores successful better-performing retail parks instead.

Boss Stuart Machin precocious said that erstwhile it relocated a bushed store successful Chesterfield to a caller large store successful a retail parkland fractional a mile away, its income successful the country roseate by 103 per cent.

In immoderate cases, stores person been unopen erstwhile a retailer goes bust, arsenic successful the lawsuit of Wilko, Debenhams Topshop, Dorothy Perkins and Paperchase to sanction a few.

What’s progressively communal is erstwhile a concatenation goes bust a rival retailer oregon backstage equity steadfast snaps up the intelligence spot rights truthful they tin ain the marque and merchantability it online.

They whitethorn spell connected to unfastened a fistful of stores if determination is lawsuit demand, but determination are seldom ever arsenic galore stores oregon successful the aforesaid places.

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article