CLOSING TIME
Major fashion retailer to close ‘perfect’ store before Christmas and launches huge closing down sale
Scroll to find out why retailers are shutting stores on the high street
SHOPPERS have been left gutted after a major fashion chain announced that it will close one of its branches before Christmas.
Select has more than 100 stores across the UK, including branches in Manchester, Bolton and Sunderland.
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The brand was founded in 1980 and has become a staple of the high street.
But now the chain has announced plans to pull the shutters down on its branch in The Mall, Cwmbran, Wales.
A post confirming the closure on retailer's Facebook page reads: "Heartbreaking to be writing this - but Select Cwmbran will be closing. Our last final day will be December 4 or 5.
"Sadly, there isn’t another unit big enough for us to relocate.
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"I’m absolutely gutted - thank you to all our customers, old and new for the continued support.
"We will be open for business as usual everyday up until then."
Shoppers have taken to social media to share their sadness over the decision to close the shop.
One customer said: "Oh never, absolutely gutted for you."
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Another added: "So gutted for you. Especially being so close to Christmas."
A third wrote: "Feel sorry for all the staff, hope you all get jobs."
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Writing on Google reviews, one shopper wrote: "My wife loves the clothes the sizing is perfect."
While another shopper commented: "Great prices and quality clothes."
A post on shared on the Select store's Facebook page shows that a closing down sale has begun and it is hosting "crazy offers".
It read: "30% off everything in store. We won’t be receiving any more deliveries now, so hurry while stock lasts."
The closure is due to Select being unable to renew the lease.
The Sun has contacted Select and The Mall shopping centre for comment.
It comes after Select closed its store in the County Square Shopping Centre in February this year.
In summer, it closed its branch in Ipswich as well as a site in Coventry.
Why are retailers closing shops?
EMPTY shops have become an eyesore on many British high streets and are often symbolic of a town centre’s decline.
The Sun's business editor Ashley Armstrong explains why so many retailers are shutting their doors.
In many cases, retailers are shutting stores because they are no longer the money-makers they once were because of the rise of online shopping.
Falling store sales and rising staff costs have made it even more expensive for shops to stay open. In some cases, retailers are shutting a store and reopening a new shop at the other end of a high street to reflect how a town has changed.
The problem is that when a big shop closes, footfall falls across the local high street, which puts more shops at risk of closing.
Retail parks are increasingly popular with shoppers, who want to be able to get easy, free parking at a time when local councils have hiked parking charges in towns.
Many retailers including Next and Marks & Spencer have been shutting stores on the high street and taking bigger stores in better-performing retail parks instead.
Boss Stuart Machin recently said that when it relocated a tired store in Chesterfield to a new big store in a retail park half a mile away, its sales in the area rose by 103 per cent.
In some cases, stores have been shut when a retailer goes bust, as in the case of Wilko, Debenhams Topshop, Dorothy Perkins and Paperchase to name a few.
What’s increasingly common is when a chain goes bust a rival retailer or private equity firm snaps up the intellectual property rights so they can own the brand and sell it online.
They may go on to open a handful of stores if there is customer demand, but there are rarely ever as many stores or in the same places.
What else is happening on the high street?
Shoppers have faced a swathe of closures on their local high streets in recent years as many of their favourite chains shutter sites.
The cost-of-living crisis has meant households have less money in their pockets and so are cutting back on their spending.
As a result, high street shops have seen lower footfall and less money landing in the tills.
That, along with ongoing restructuring plans and high rents, have forced many chains to close locations.
Figures from the Centre for Retail Research revealed almost 10,500 UK shops closed for the final time in 2023.
The 12-month period also saw over 119,000 jobs lost across the sector.
According to the centre's data, 1,846 stores closed and 23,982 retail jobs were lost during the first six months of 2024.
November will be no different, with Co-op, Decathlon and Wetherspoon among those closing sites.
Of course, it's not all bad news. In some cases branches will be replaced with bigger and better shops.
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Retailers regularly open and close shops for a number of reasons - not just because they are struggling.
For example, they may have a store nearby that is performing better or it may be because they want to pick a spot that has higher footfall, such as in a retail park.
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