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High Street Big Brand Casualties

Coronavirus is single handedly decimating the retail sector with big brand names falling everyday.

The running list of high casualties is as scary as it is never-ending;

  • Lloyds Bank has cut 865 jobs.
  • Pizza Hut will close 67 restaurants resulting in the loss of 1,100 jobs.
  • Heathrow is set to axe 1,200 jobs
  • Pret a Manger is to axe 1/3 of its workforce
  • John Lewis is to shed 1,300 staff
  • Debenhams is to shed 2,500 staff with possibly 11,500 more
  • Marks & Spencer is to shed 7,000 staff
  • Oasis announces it is to axe 1,800 members of staff
  • STA Travel went bust with 500 people losing their jobs
  • House of Fraser announces more store closures
  • Yo Sushi to close 19 of its 69 restaurants
  • John Lewis’ flagship store in Birmingham will never reopen
  • The restaurant chain Bills is to close 20 of its 78 restaurants
  • British Airways announced more than 10,000 staff are to lose their jobs
  • William Hill will shut 119 betting shops nationwide
  • WH Smith announced 1,500 layoffs
  • DW Sports plunges into administration putting 1,700 roles at risk
  • Restaurant group Chilango goes into administration
  • Bingo operator Buzz Gala is to permanently close 26 of its sites
  • Ask and Zizzi cut 75 restaurants
  • The Casual Dining Group which amongst others owns Cafe Rouge goes into administration
  • Boots to close 48 shops and lose 4,000 members of staff
  • Burger King could be forced to close 1 in 10 of its restaurants
  • H&M to close 170 stores
  • Food retailer Upper Crust to lay off 5,000 staff which is 50% of its workforce
  • EasyJet announces 4,500 roles are at risk
  • Royal Mail to ace 2,000 jobs
  • Jaguar Land Rover to slash another 1,100 jobs
  • The Restaurant Group which owns Garfunkle’s plans to close 148 of its 313 restaurants
  • Arcadia group to collapse with 13,000 jobs on the line

If you’d like to explore the possibility of selling your high street shop property feel free to contact us to discuss your options.

Photo by Joe Stubbs on Unsplash