Ted Baker is preparing to close all of its remaining stores in the UK and the Republic of Ireland as Britain's high streets prepare for another blow.
Store closures have become the norm in recent years following the Covid-19 pandemic and amid changes in the global economy.
Here is a full list of the Ted Baker stores that set to close this week:
- Ashford
- Bath
- Belfast
- Bluewater
- Braintree
- Brent Cross (London)
- Bridgend
- Cannock
- Cheshire Oaks
- Dublin, Grafton Street
- Gatwick North
- Gatwick South
- Glasgow Buchanan Street
- Gloucester Quays
- Heathrow T2
- Heathrow T3
- Heathrow T4
- Heathrow T5
- Kildare
- Livingston
- Luton
- Manchester Shambles
- O2 Outlet
- Portsmouth
- Regent Street (London)
- Sheffield
- St Pancras (London)
- Stansted
- Swindon
- White City (London)
- York.
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Britain's high streets have been hit by a wave of store closures as of late PAThe above stores are expected to be shut down by the end of the working day tomorrow (August 20).
This comes after Authentic Brands Group, the fashion chain's parent company, fell into administration in March.
It is expected that over 500 jobs are at risk as result of Ted Baker leaving the high street.
Furthermore, the retailer's website has also been pulled as the business winds down.
Online customers have been told the brand it is "not taking orders right now", and that they have 14 days to return orders made online.
Last year, a total of 14,081 shops and outlets belonging to multiple chains left UK high streets, shopping centres and retail parks, according to PwC.
This is the equivalent to 39 closures per day but represents a slight increase compared with last year.
Despite this, the rate of closures is less than the rate reported during the 2016-21 tax year.
LATEST DEVELOPMENTS:
The remaining Ted Baker stores across the country will be closed by the end of next week
GettyIn its "Store Openings and Closures 2023" report, PwC broke down what people can expect to experience on the high street in 2024.
The financial services firm stated: "While the headline results show an acceleration in store closures and is net negative overall, much of this is due to a number of high-profile and large-scale restructurings or administrations.
"There is optimism that these results are a one-off and that we’re unlikely to see a repeat of all the same poor-performing categories in 2024.
"Even those categories in long-term structural decline, such as banks and betting shops, are seeing closure rates slow."
