Subsequent broadcasts it’s going to shut 11 ‘mainline shops’ this yr in newest blow to excessive road


Subsequent will shut 11 extra shops throughout the UK after bosses admitted half dozen wouldn’t meet its targets.

It comes simply months after Subsequent closed the doorways on its big Westfield Stratford Metropolis store in February.

The places of the most recent closures or dates on when they are going to shut haven’t been introduced.

Nevertheless, Subsequent bosses did reveal the closures would occur earlier than the top of the 2023 in a blow to followers of the favored excessive road retailer.

Three of the closures had been as a result of firm being unable to agree contemporary leasing phrases.

In the meantime, they confirmed two of the 11 closures was as a result of websites had been being redeveloped. Subsequent determined to make the shock announcement was made as a part of a buying and selling replace.

It learn: “We count on to shut 11 mainline shops this yr. Six closures are in places the place we forecast that the shop wouldn’t obtain our goal margin on virtually any phrases; two closures are as a result of web site being redeveloped; three additional closures are on account of being unable to agree acceptable new phrases with landlords.

“This final class consists of one giant retailer the place the size of the lease proposed by the owner, on a excessive mounted lease cost, was not one thing we may conform to.”

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