These are all of the high street chains which have closed so far in 2020
At a time when many high street retailers were already struggling, the coronavirus pandemic and the lockdown that came with it had a devastating impact on footfall, resulting in a number of high profile closures and a number of firms going into administration. Here are the brands which suffered most.
One of the most prominent high street retailers to close its doors this year, Carphone Warehouse announced that it would close all 531 of its standalone stores in April, meaning a loss of 2,900 jobs, though the firm said this had nothing to do with coronavirus.
One of two mid-range fashion businesses owned by Icelandic bank, Kaupthing, to go into administration this year, Oasis had already been struggling prior to the coronavirus lockdown and went into administration in Mid-April.
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Already struggling before the pandemic, Laura Ashley went into administration early this year meaning the permanent closure of 70 stores and a raft of redundancies. The business has since been bought so may make a comeback in some form.
The other fashion retailer owned by Kaupthing, Warehouse also struggled massively as a result of the coronavirus lockdown, leading to a combined total of 92 stores being closed in the UK, with 23,000 staff made redundant across Warehouse and Oasis.
It was announced in April that Cath Kidston had appointed administrators, meaning all 60 UK stores are to close, with just a handful of the company’s 941 UK staff being retained. The brand will continue to exist online and abroad.
The sportswear and gym retailer owned by Dave Whelan announced it was going into administration in August, meaning the 73 gyms and 75 DW Sports retail stores owned by the firm will all close, and 1,700 jobs lost.
After starting out life on eBay, furniture retailer Oak Furnitureland went into administration only to be more or less immediately bought by hedge fund, Davidson Kempner Capital Management, which is likely to close some stores and reduce the number of staff.
The UK’s main retailer of outdoor sports and activities equipment, Go Outdoors went into administration but was bought back out of it by owners JD Sports, who has said that it does not expect to see large scale redundancies and store closures from the 67 outlets and 2,400 employees.
The UK’s second largest furniture brand was put into administration in late June after struggling in recent years, with around 20 of its 105 stores slated to close and 240 jobs expected to be cut.
Previously known as Mackays, Scottish clothing retailer M&Co was bought out of administration by its previous owners. Its recovery plan will involve the closure of 47 stories out of 262, with 380 redundancies of a possible 2,700.