Shop closures in January 2025: Full list including New Look and Shoe Zone
Share:
A number of high street retailers are continuing to close stores throughout January. Due to the growth of online shopping and the emergence of out-of-town retail parks, many stores are closing, creating difficult times for stores in Britain's high streets. Retailers are increasingly blaming changes in the Government budget for the impact of the cost of living on consumers' buying patterns.
Greggs, Iceland, Matalan and The Entertainer have already said goodbye to a couple of their stores across the UK this month. Here is a list of confirmed upcoming store closings for January 2025. New Look has closed a number of stores in recent years, and the company is looking at more closures.
CEO Helen Connolly has warned that some 25 per cent of New Look's 364 UK locations could close when their leases expire. According to The Times' most recent analysis, the “probable acceleration of closures is a direct result of the significant cost increases announced in October’s budget” even if New Look would have closed some outlets anyhow.
Bosses are blaming Labour's autumn budget 2024 for the closures of the well-known city centre shoe business, which is expected to shut 20 or more locations in the UK. Some of the closures include stores in London. A full list is available here. A representative for Shoe Zone said that “significant additional costs” had been incurred as a result of the Chancellor's decision to raise the minimum wage and employers' national insurance contributions.
