Major fashion retailer confirms it is closing more stores – is your local shutting?
A MAJOR fashion retailer has announced more of its stores will close this summer.
New Look is permanently pulling down the shutters on two of its shops in June and July.
Its branch in Bangor, Wales, will close on June 16, .
Meanwhile, its store in Teesside Retail Park, Stockton-on-Tees, is shutting up shop for good on July 7, .
It comes following a string of other New Look store closures earlier this year.
Its shop in Fort Shopping Park, Birmingham, closed for good on January 9 while its Trowbridge branch shut on January 23.
Read more in Retail
Meanwhile, stores in Coventry, London, Kirkcaldy and Northampton closed in January and February.
This month, its branch in the Newlands Shopping Centre, Witham, closed for good.
But in November 2022 New Look opened several shops across the UK.
It also has plans to open more stores later on in the year - though it hasn't said how many and where in the UK they'll be.
Most read in Money
What other retailers are closing branches?
It's not just New Look shutting up shops for good in the coming weeks - a number of high street chains and restaurants are preparing to close branches.
Some stores will be replaced with brand new shops while others will leave the high street forever.
Argos is closing all remaining Irish stores this month and another two standalone UK branches in the summer whilst expanding its presence in Sainsbury's supermarkets.
Iceland is closing another one of its supermarkets in June.
Meanwhile, Lloyds Pharmacy, Poundland and Poundstretcher are also shutting shops but opening new stores in the coming months.
Retailers have been feeling the pinch since the pandemic while shoppers are cutting back on spending due to soaring inflation.
High energy costs and a shift to shopping online after the pandemic are also taking a toll and many high street shops have struggled to keep going.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected]