Town Centres Hit Hard by Confirmed Closures
Shoppers in Kent are bracing for significant changes as six Claire’s stores prepare to close permanently. The popular accessories retailer has announced the closure of 145 locations across the UK. This comes in the wake of a recent rescue deal aimed at preserving a portion of its operations.
Impact of Store Closures on Local Communities
Among the stores affected in Kent are:
- The Parade, Canterbury
- County Square Shopping Centre, Ashford
- King Street, Maidstone
- Sandgate Road, Folkestone
- Tonbridge High Street
- Fremlin Walk, Maidstone
The closures will commence with a series of closing-down sales, offering discounts of 20%. The exact closure dates for each store will vary, as reported by The Sun.
Recent Developments in Claire’s Operations
Earlier this week, administrators announced a rescue agreement that will save 156 stores. This deal, finalized with investment group Modella Capital, aims to protect approximately 1,000 jobs at Claire’s. However, despite the effort, 145 stores remain set for closure, leaving employees in a state of uncertainty.
Key Dates and Events
Claire’s UK entered administration on August 13. This followed the bankruptcy filing of its US parent company on August 7. The American arm has since been acquired by a different investor, saving 950 of its stores in the US.
Future of Claire’s in the UK
Will Wright, the UK chief executive and joint administrator at Interpath, expressed that their goal is to keep the remaining stores operational as they seek solutions. He emphasized the need for collaboration with stakeholders to ensure the success of the proposed rescue plan.
Modella Capital, known for its previous acquisition of WH Smith’s high street outlets, is now at the forefront of efforts to revitalize Claire’s presence on the High Street in the UK and Ireland. Managing Director Joe Price stated the brand deserves another opportunity to thrive amidst challenging circumstances.
As negotiations with landlords continue, the situation remains fluid, leaving both employees and shoppers hopeful yet apprehensive about the future of Claire’s stores in their communities.
