In 2024, recognisable high street chains like Ted Baker, Homebase and Carpetright closed down due to insolvency proceedings, while others like Boots and Shoe Zone cut their shop numbers as a money-saving measure.
An Iceland spokesperson said: ‘We can confirm that due to redevelopment in the Derbion centre, the Iceland store will be relocating to units 62-66 on London Road in May.’.
Other smaller department stores like Morleys Tooting released a statement on social media in January 2025, announcing it will be closing more than 100 years after it first appeared on the high street in the early 1900s.
But it is not all bad news because the supermarket giant also plans to open 20 Iceland and Food Warehouse stores by April.
This year, other well-known retailer giants like Homebase, WHSmith, Sainsbury’s, Iceland, Farmfoods, The Entertainer, Hollister and New Look will all close some of their stores.
