The big name shops that have vanished from Greater Manchester as scale of retail woes revealed
Since the start of the coronavirus pandemic in 2020, a number of treasured stores in Greater Manchester have permanently vanished from our high street.
Analysis showed that a little over 5,500 of those shops went under, while more than 11,600 of them were closed as a larger chain decided to cut its costs. But The British Retail Consortium warned that 2022 had been "an exceptionally difficult year for both consumers and retailers", with sales volumes down compared with 2021.
Some of the failed fashion giants have since been saved after being bought out by online companies such as Manchester-based retailer, Boohoo and ASOS. "While the North has seen some of the biggest improvements in openings over the last year, they still have some of the highest vacancy rates in the country," she said.
In February 2021, Asos announced the takeover of Topshop and three other brands from the collapse of the Arcadia retail empire for £265 million. Debenhams Debenhams shut its doors for the final time in its 243-year history in May 2021, with its Greater Manchester stores being the last to close. The moment was caught on camera by worker Georgia Coates in a clip that received 400,000 views in less than 24 hours.
The brands themselves needed administrators and wound up their retail store business after failing to find last-minute suitors. Baring Private Equity Asia , which has held a stake in the retailer since 2014, said it would buy the online business, brand and wholesale arm from administrators Alvarez & Marsal.Laura Ashley In March 2020, Laura Ashley announced the permanent closure of 70 stores, with 721 employees set to lose their jobs.
He added: "Unfortunately, and despite the Company undergoing a significant restructuring at the start of the pandemic which saw it move to an online model, the impact on this famous British brand has been severe." The company underwent a Company Voluntary Arrangement restructuring in 2018, shutting a raft of stores, but tumbled into administration a year later after failing to turn around its fortunes.
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