New Look Closes Shop in Bromsgrove High Street
Popular high street fashion retailer New Look has closed another store today, adding to a string of recent closures. The branch located in Bromsgrove high street in Worcestershire has shut its doors for good, following the closure of two other shops earlier this week and another one yesterday. This comes as part of New Look's business strategy, which includes occasional store closures, relocations, and new site openings.
New Look Acknowledges Closure and Thanked Staff and Local Community
New Look has confirmed the closure of the store and expressed gratitude to its staff and the local community for their support. The news was shared by local shoppers on social media, with many expressing their disappointment. The closure of high street stores has been a growing concern, with some residents referring to their communities as "ghost towns".
Full List of New Look Store Closures
In recent weeks, New Look has either closed or announced further closures across the country. Here is the full list of sites that have been earmarked for closure or have already shut:
- Bromsgrove – September 9
- Beverley – September 8
- Slough – September 5
- Windsor – September 5
- Cornmarket, Lancaster – September 2
- Crossgates shopping centre, Leeds – end of August
- Kings Chase Shopping Centre, Bristol – August 9
This brings the total number of closed stores to 15 over the past year.
Challenges for High Street Retailers
New Look's closures reflect the ongoing challenges faced by high street retailers. The shift in shopping habits during the pandemic, with more consumers opting for online shopping, has impacted these brick-and-mortar stores. Additionally, the cost of living crisis and rising inflation have made it difficult for retailers to keep up with increasing energy bills and other associated costs. As a result, many households have reduced non-essential shopping.
Other High Street Closures
New Look is not the only retailer facing closures. In recent months, several familiar brands, including M&Co, Paperchase, and Shoezone, have closed all their UK shops. Even food and drinks chains have been affected, with Wetherspoons announcing the closure of some of its pubs. However, some chains, such as Poundland and Greggs, are defying the high street troubles and expanding their presence with new store openings.
Future Plans for New Look
Despite the closures, New Look has also been opening new stores, with several branches launching across the country in November 2022. The retailer has plans to open more sites this year, although the exact number and locations are yet to be announced.
Overall Impact on High Street
The closure of New Look stores adds to the wider impact on the high street, which has been facing significant challenges in recent years. The closures of multiple retail chains and the shift in shopping habits have led to concerns about the future of traditional high street shopping. While some retailers struggle, others continue to adapt and find ways to thrive in this changing landscape.
Did you miss our previous article…
https://hellofaread.com/money/shoppers-rush-to-bm-for-affordable-summer-bargains/
