Trendy fashion chain owned by H&M to shut two stores in DAYS ahead of disappearing from the high street
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A TRENDY fashion chain owned by H&M will close two sites in a matter of days, in another blow to UK high streets. Monki has seven stores in the UK, including a site on London's Carnaby Street and in Glasgow. The brand is known for its colourful designs and a popular place for trend-conscious Gen Z shoppers to buy low-rise and baggy jeans.
But come next year, shoppers may struggle to find its funky designs as H&M has plans to integrate the brand with another one of its fashion lines Weekday. As part of the process, Monki stores will either be closed or converted into Weekday multi-brand stores.
Representatives from H&M have revealed to The Sun the closure date of two of its sites in Manchester and Newcastle. Its Newcastle upon Tyne branch in the Eldon Square shopping centre will close for good on January 2, giving customers around two weeks to say their goodbyes.
Meanwhile, its Manchester branch in the Arndale centre will close forever on January 17. The future of five other Monki sites remains uncertain and could be either closed or transformed. These include:. The Monki brand will remain and be sold on weekday.com and in Weekday multi-brand stores come 2025.
A previous statement from H&M read: "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.".