All the retailers that went bust in 2024 from Ted Baker to The Body Shop as 886 shops affected
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IT’S been a tough year for retailers once again as shoppers rein in budgets and the cost of living crisis continues. During 2024, 27 retailers of all sizes went bust, affecting 886 shops and 17,939 employees, according to the Centre for Retail Research.
![[High street pain continues as 886 shops were hit in 2024]](https://www.thesun.co.uk/wp-content/uploads/2024/12/pd_GettyImages-1714135975jpg-JS888914774.jpg?strip=all&w=960)
The number of casualties is more than half the previous year’s rate of retail collapses, when 61 chains failed and 971 shops were impacted. Here, we explain which retailers got into trouble in 2024 and how many sites faced the axe... Sook was one of the first retail casualties of 2024 and was particularly depressing as it was meant to be the answer to empty high street stores.
The business operated 12 pop-up shops across the country in London, Birmingham, Southampton, Liverpool, Newcastle and Leeds and made high street space available for online brands like TikTok. Tile Choice, a Midlands-based flooring retailer with 18 shops, went into administration in January 2024.
Nine stores were snapped up by rival Tile Giant but the rest were not saved. The business had 116 staff and £16million turnover in the last financial year, but had struggled with a slowdown in spending. LloydsPharmacy, once the UK’s second biggest community pharmacy chain, went into liquidation in late January with debts of £293million.
The previous year it had closed all of its pharmacies inside Sainsbury’s and divided its 1,000 pharmacy estate into packages of hundreds of stores that it then sold to rivals in smaller deals. There are no more LloydsPharmacy-branded sites on the high street, but it continues to operate online.
