Danish furniture chain with 29 branches to close popular store this summer

A DANISH furniture chain with 29 branches is set to close a popular store this summer.

JYSK has confirmed that they will be closing their branch in Chesterfield, Derbyshire.

The shop at Markham Retail Park store will shut on August 11.

After the closure locals will have to travel to the Queen’s Road Retail Park in Sheffield.

JYSK sales and marketing manager Ciaron Hearns said: “We have reached the end of our lease on the unit and have therefore executed our exit clause on the unit."

He added: “Our development team will continue to look for new units within the Chesterfield area and if one becomes available to us we will review as part of our continued expansion plans within the UK.”

HIGH STREET WOES

Several major shops and chains are closing dozens of branches in 2024.

Some stores will be replaced or relocated while others will disappear from the high street forever.

Fellow card retailer Clintons is also set to close a number of branches, including those in Bournemouth and Kettering.

In August 2023, restructuring experts FRP Advisory and law firm Jones Day presented plans to save the business in an insolvency court.

They came up with a deal to save thousands of jobs and over one hundred UK stores.

But it also involved waving goodbye to a selection of shops that were not earning enough money to keep.

Argos, Next, Jack Wills and Poundland have all all shut selected branches this year.

It comes as 6,000 retail outlets have brought down the shutters since 2018, according to the British Retail Consortium.

The trade association's chief executive Helen Dickinson OBE blamed the closures on "crippling" business rates and the impact of coronavirus lockdowns.

Energy costs have risen and more shoppers than ever are choosing to order online rather than head into stores.

This has left some retailers grappling with budgets and having no choice but to close stores to cut costs.

Several big retailers have fallen into administration in the past year, including Wilko, Paperchase, and most recently, The Body Shop and Ted Baker.

For the most part, supermarkets have braved the storm as they provide essential items like food and drink but other retailers have been less fortunate.

Boots announced it would be closing 300 stores over the next year as part of plans to evolve its brand.

Wilko collapsed into administration last year after being hit hard by inflationary pressures, competition from rivals and supply chain challenges.

However, it's not all bad news for the high street, as several other retailers and hospitality venues have plans to expand.

Beer giant Heineken announced plans to invest £39million to help reopen 62 previously shuttered British pubs.

Aldi has announced that it will open 35 new UK stores.

The openings form part of Aldi's long-term target of 1,500 stores in the UK.

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