SHOPPERS have been left devastated after a major fashion retailer announced the closure of a town store in just weeks.

The Jack Wills shop in the Galleries shopping centre in Bristol will close its doors in January.

The Jack Wills shop in the Galleries shopping centre in Bristol will close its doors

1

The Jack Wills shop in the Galleries shopping centre in Bristol will close its doorsCredit: Google

It has already started a closing down sale with 20 per cent off items, Bristol World reported.

A member of staff from the store reportedly told the local newspaper that the closure was due to redevelopment.

The clothing brand also has a store at The Mall in Cribbs Causeway.

The Sun has approached Jack Wills for comment.

Read more Money News

Jack Wills pulled the shutters down on its last Scottish store on Bell Street in St Andrews in October.

It comes after Jack Will’s was bought out by Mike Ashley‘s Sports Direct, part of the Frasers Group, in August 2019.

The billionaire put in a £12.75million bid for the ailing business, which at the time had 110 stores across the UK and Ireland.

It was founded in 1999 as a single shop in Devon and its clothes became popular in the mid-2000s.

Most read in Money

But it lost its appeal in the years that followed as sixth-formers and university students turned to grungier styles.

In March 2020, it announced it would permanently close nine stores, just days after revealing five would shut.

Branches in Abersock, Aldeburgh, Dartmouth, St Ives and Rushden Lakes were all impacted.

The St Andrews store was also earmarked for closure, however, a lease agreement was agreed with the landlord which saved the store.

Why are retailers closing branches?

The cost of living crisis, stubbornly high inflation and energy costs are taking their toll on retailers.

Shoppers have been cutting back spending, while the cost of actually running a store has also increased, meaning some outlets have struggled to keep going.

Figures from the British Retail Consortium (BRC) this summer found the UK had lost 6,000 stores over a five-year period.

Several major brands have also collapsed and closed stores for good.

Wilko‘s fall in August marked the biggest British retail collapse since McColl’s plunged into administration in May last year.

Paperchase collapsed into administration at the end of January this year and all 106 stores closed for good.

Scottish clothing brand M&Co and wellies retailer Joules were among a host of other familiar brands that went bust in 2022.

But shoppers still have reason to be cheerful as other retailers are actually expanding this year.

The Sun recently revealed discount retailer Costco is expanding in the UK and is planning to open 14 more warehouses over the next two years.

Bonmarche is opening at least seven new stores after filing for administration in 2019, while The White Company is due to open new stores in October and November.

Once-huge bakery chain Patisserie Valerie, which also collapsed into administration and closed most of its stores, has started reopening branches, as revealed by the Sun.

Read more on The Sun

Wilko shops are also set to return to the UK high street after the chain collapsed earlier this year.

We also recently revealed bakeries Wenzels, Greggs, Dunkin’ Donuts and The Cornish Bakery are all in the process of expanding in the UK.

This post first appeared on thesun.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

B&Q’s parent company issues big profit warning on back of bad weather

B&Q’s parent company has a home improvement job on its hands after…

Pension freedom saved millions from locking into poor annuity deals

Ros Altmann: Around half a million people each year were at risk…

Savile Row tailor Gieves & Hawkes hunting for buyer

One of Savile Row’s oldest tailors is hunting for a buyer to…

Football results and new gambling regulations take their toll on William Hill owner 888

William Hill owner 888 has been hit by new gambling regulations and…