Arcadia Group have announced they will close 23 stores as part of a reshape of the company, putting 520 jobs at risk.  Stores closing include Topshop, Topman, Wallis, Dorothy Perkins and Miss Selfridge.  Rents are also set to be cut at another 194 stores within the Arcadia group.  The company also plans to shut all it’s 11 Topshop and Topman stores in the US.

Topshop and Dorothy Perkins store closures: Acadia group stores shut down revealed

Full list of stores closing

Aberdeen

Dorothy Perkins, Burton

Ashton under Lyne

Topshop, Topman

Bedford

Topshop, Topman

Bluewater

Miss Selfridge

Cheshunt

Outfit

Cork

Dorothy Perkins, Evans

Dublin

Evans, Wallis

Topshop, Miss Selfridge

Topshop, Topman

Wallis

Fareham

Topshop, Topman

Galway

Miss Selfridge

Glasgow

Burton, Topman

Luton

Topshop, Topman

Newcastle upon Tyne

Outfit

Nuneaton

Topshop, Topman

Reading

Dorothy Perkins, Burton

Salisbury

Topshop, Topman

Southend

Miss Selfridge

Stirling

Dorothy Perkins, Burton

Swindon

Dorothy Perkins, Burton

Swindon

Miss Selfridge, Wallis, Evans

York

Dorothy Perkins, Burton

The store closures will add to 200 stores in the UK which have already been shut in the last three years.

This comes as the company has struggled with a challenging market and the closures come as part of a rescue plan.

Last week, Topshop owner, Philip Green, lost his billionaire status, according to the Sunday Times Rich List.

As rent reductions are to come in place, it is unclear how steep the cuts will be.

Arcadia group has 1,170 shops across 36 countries.

The company employs 18,000 people in the UK and Ireland across it’s 566 locations.

Arcadia Group is not the only company to be facing difficulties keeping stores open.

Today, Marks and Spencer announced they will close 110 stores across the UK. 

These closures will affect both food and clothing stores.

The retailer also plans to open 95 stores.

Source: Read Full Article