Trendy fashion chain owned by H&M launches closing down sale at branch as seven shops set to shut
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A TRENDY fashion chain owned by H&M has launched a closing down sale at one its branches, with a further six set to shutter. Monki has put up signs at its store in the Arndale Shopping Centre, Manchester, saying it will shut on January 12. The location is one of seven that H&M has said will close or merge with another of its fashion brands, Weekday.
![[Monki has launched a closing down sale at its Manchester branch]](https://www.thesun.co.uk/wp-content/uploads/2024/12/image_67ae9b.png?strip=all&w=720)
The move comes as part of plans to blend the two brands together to make a one-stop shop appealing to young shoppers. A previous statement from H&M said: "A limited number of Monki stores are intended to be transformed into multi-brand Weekday destinations, while the others are intended to be closed.
"The newly formed Weekday multi-brand destination will cater to customers’ high aesthetic standards while embracing their multitude of unique expressions.". Monki stock will continue to be sold on the WeekDay website and in some WeekDay stores, H&M said.
As part of the process, the retailer will also start stocking Cheap Monday lines in Weekday stores. H&M has not confirmed which of the remaining six stores across the UK will close and which ones will be merged with Weekday. Currently, all seven Monki shops remain open while the website is still live, with an up to 50% off sale on.
The full list of Monki stores in the UK includes:. The announcement from H&M comes after it faced stagnant sales in the first nine months of the financial year. Net sales between December 1, 2023, and August 31 were flat compared to the same time period 12 months before.
