The latest troubles for Select Fashion follow new data that more than 13,000 shops closed their doors for good in 2024 – an increase of 28 per cent on the year before, MailOnline reported last month.
Last month it was reported that more than 13,000 high shops closed in 2024, which was a 28 percent increase from 2023 and foreshadows the predicted closure of 17,350 shops in 2025.
It is the highest figure since the Centre for Retail Research (CRR), which compiled the report, began collecting the data in 2015 and follows the closure of 13,479 stores last year.
A major fashion retailer is set to close nearly three times as many stores as it originally planned to as harsh economic conditions continue to batter the high street.
Select Fashion announced earlier this month that it would close 12 of its shops outside of London over the coming weeks, but has since upgraded the number to 35.
