Moss Bros is mulling closing stores as the men’s formalwear specialist deals not only with the aftermath of the lockdown that hurt retailers generally, but the cancellation of many events on which its business depends.
Warnings that the UK retail environment will remain challenging during the rest of the year may deter many large chains from investing in bricks-and-mortar but Poundland is planning to open six new Pep&Co shop-in-shops.
Each news story about TM Lewin seems to deliver worse news and the latest development is that the menswear retailer is closing all of its shops and becoming online-only. It means the loss of over 600 jobs.
New LovetheSales.com analysis of e-shopper demand shows a hunger for luxury investment pieces as well as high street fashion for the looming day when consumers will be able to restart their social lives.
As the new owners of TM Lewin continue to seek new deals for its retail stores, a report has suggested the company could consider a pre-pack administration in order to allow it to close as many of the shops as possible.
The reborn Monsoon Accessorize may be planning to operate around 100 stores after the much larger chain went into administration and was bought back by founder Peter Simon, but few of them will be Monsoon locations.
The optimism surrounding the sale of British menswear brand TM Lewin back in May seems to have been tempered by the new owner telling landlords that most shops could be shut if they don't offer attractive rent deals.