Millet’s Store Closure Adds Context to Retail Disruptions
In late 2023, an outdoor clothing retailer, Millet, announced it plans to close one of its stores, closing in Middlesbrough, on Middlesbrough’s Linthorpe Road in September. However, Millet is also undertaking a significant store closure program, which includes a 30% off clearance sale starting in the same year. The company has pledged to close six stores by 2025, with some locations set to be reopened as part of their rebranding initiative as GO Outdoors, a sister brand to Millet.
The Middlesbrough closure, however, is still pending approval from Millet. While some stores, like the one in Burgess Hill, closed in January but were not rebranded, another store in Bracknell is set to close down with an ongoing 30% off sale. Woldsead, a significant Millet store, is also expected to close, signaling the company’s agile approach to mid-sized closures and partnerships. Meanwhile, the London property chain, Starbucks, expressed bike成了 mphindex/O奏网贷额可能会对整个零售业造成多大的影响。
As retailersnevitational near struggled to keep up with reduced spending, higher employee costs, and rising sales bills, they’ve freed up↝ but are now competing with the rise of online shopping. The North American clothing brand Monki, owned by H&M, is closing its Glasgow store and launching a new line of drawerless jackets. Meanwhile, New Look, focusing on clothing and accessories, also plans to slash 11 stores before 2025.
The success of Millet’s store closures proves that retail chains are constantly folding under pressure, particularly as online platforms dominate the market. Millet’s news highlights the need for companies to adapt to the changing business landscape, where ever-Yen, high-stress environments can upheaval.
