×
79 324
Fashion Jobs
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Deer Park Outlet
Permanent · Deer Park
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Short Hills
Permanent · Millburn
ULTA BEAUTY, INC.
General Manager
Permanent · Buena Park
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Lake Stevens
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Battle Creek
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Gambrills
URBN
Urban Outfitters, Inc. Operations Manager
Permanent · RENO
URBN
Free People Assistant Visual Manager
Permanent · OAK BROOK
ESTEE LAUDER
2nd Shift Order Handler $1500 Sign-on Bonus
Permanent · Bristol
NORDSTROM
Retail Stock & Fulfillment - Beachwood Place
Permanent · Beachwood
NORDSTROM
Assistant General Manager- Bazille- Cherry Creek Shopping Center
Permanent · Denver
NORDSTROM
Asset Protection - Agent - Cherry Creek Shopping Center
Permanent · Denver
GAP
General Manager - Suburban Square
Permanent · Ardmore
GAP
Asset Protection Service Representative - Broadway & Maiden
Permanent · New York
GAP
Asset Protection Coordinator - Sawgrass Mills
Permanent · Sunrise
MACY'S
Asset Protection Detective, Parks at Arlington - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Southcenter - Standard Part Time
Permanent · Seattle
MACY'S
Asset Protection Detective, Shoppes at Buckland Hills - Standard Part Time
Permanent · Hartford
MACY'S
Asset Protection Detective, Glenbrook Square Mall - Standard Part Time
Permanent · Fort Wayne
MACY'S
Asset Protection Security Guard, Los Angeles dt Broadway Plaza - Standard Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Manassas - Full Time
Permanent · Manassas
MACY'S
Buyer
Permanent · New York
Published
Mar 18, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Arcadia closures could lead to more physical stores shutting - analyst

Published
Mar 18, 2019

UK physical stores fashion retail is caught up in a cycle of closures leading to locations declining. This then means even more closures, an analyst said at the weekend, following news that Arcadia is planning to shut a raft of its stores.


UK fashion store closures are likely to accelerate say analysts



With the Topshop owner said to be mulling a CVA, Senior Retail Analyst at GlobalData, Sofie Willmott, said the presumed Arcadia closure plan is no surprise given the group's current challenges. But she added that such large-scale moves by major names could accelerate the decline of high streets and some malls via a domino effect.

“Clothing & footwear spend continues to shift online and rising operating costs make physical locations less viable,” she said. “High streets will be the hardest hit with already-declining spend being further impacted by significant branch closure plans at Arcadia as well as major players Debenhams and Marks & Spencer. The shuttering of anchor stores in town centres will encourage consumers to go elsewhere to purchase clothing & footwear, negatively impacting other retailers in the area.”

The research specialist is forecasting that fashion will be the fastest declining sector in town centres over the next five years with spend falling 13.8% between 2018 and 2023, versus the total town centres market which is set to decline 1.9%.

Town centres will be propped up by essential product sectors such as food & grocery and health & beauty and it’s undeniable that the absence of fashion from many towns centres is already noticeable. Some years ago, every high street (even the smaller ones) had a ‘dress shop’, but such stores are long gone. However, the suggestion that remaining high streets with a fashion presence could decline further is the strongest sign yet that the migration to online is biting.

A number of analysts have said that the UK has too much capacity as far as physical stores are concerned with some even going as far as saying the country has around double the number of shops that it needs and can support.

Wilmott added: “While town centres accounted for over 40% of clothing & footwear spend in 2013, other locations which are better able to meet shoppers’ needs such as supermalls and retail parks, as well as the online channel, have tempted consumers away with high streets forecast to account for just 25.9% of spend by 2023.”

Copyright © 2022 FashionNetwork.com All rights reserved.