A MAJOR high street fashion chain with 87 locations nationwide will pull down the shutters of one of its locations today.
Superdry is closing down its branch in Bradford Broadway shopping in the next few hours.
The store is holding a major sale to sell off its remaining items.
One shopper previously took to the Extreme Couponing and Bargains UK Facebook group to share the news with others.
They wrote: “Superdry in Bradford Broadway is closing down.
“Nearly everything half price.
“Even half off already discounted items.”
Jackets and coats in Superdry can retail for anywhere between £80 to over £100.
TROUBLE ON THE HIGH STREET
Plenty of other retailers are closing stores across the high street as households lean more towards online shopping and amid high business rates.
Soaring inflation in recent years has also dented shoppers’ pockets.
The Centre for Retail Research’s latest analysis suggests 13,479 stores, the equivalent of 37 each day, shut for good in 2024.
Of those, 11,341 were independent shops while 2,138 were shut by larger retailers.
[bc_video account_id=”5067014667001″ application_id=”” aspect_ratio=”16:9″ autoplay=”” caption=”Beloved chef to close restaurant for heartbreaking reason” embed=”in-page” experience_id=”” height=”100%” language_detection=”” max_height=”360px” max_width=”640px” min_width=”0px” mute=”” padding_top=”56%” picture_in_picture=”” player_id=”default” playlist_id=”” playsinline=”” sizing=”responsive” video_id=”6369483466112″ video_ids=”” width=”640px”]The data also showed over half the stores that closed last year were shut due to the store or retailer going through insolvency proceedings.
This is when formal measures are taken to deal with tackling a business‘s debt.
Other shops leaving the high street
Beales, one of Britain’s oldest department stores, has launched a closing down sale before it shuts its last remaining shop after more than 140 years.
The company will shut its branch in Poole’s Dolphin Centre on May 31.
The sale includes fashion, furniture, gifts and cosmetics, being sold for up to 70% off.
Beales chief executive Tony Brown blamed the “devastating impact” of the rise in national insurance contributions and the higher minimum wage for the store closure.
Meanwhile, high street fashion chain New Look has begun to close stores as it scales back its UK footprint.
It is understood to be shutting nearly 100 stores – equivalent to around a quarter of its 364 shops.
Stores in Gateshead, Tyne and Wear, St Austell, Cornwall and Porth, Rhondda Cynon Taf have launched closing down sales.
Reports suggest that the company has been forced to accelerate the pace of store closures due to tax changes in the Autumn Budget.
Meanwhile, Huttons in London will shut its store in the Putney Exchange due to excessive energy costs.
The gift shop became a local icon after it opened in the 1990s.