Britain’s town centers are bracing for another tough year ahead, with more than 150 store closures already scheduled for 2026. Banks, clothing stores, and well-known brands are feeling the impact, reflecting the increasing challenges faced by the retail industry.
These closures are another blow to communities, shoppers, and workers across the UK, following the closure of numerous iconic stores in 2025. From local favorites to national chains, several iconic high street brands are either planning to shut down stores or have already done so.
In 2025, a fashion retailer closed 41 branches after a strategic review advised a significant reduction in its high street presence. New Look has seen its store count drop from around 600 in 2018 to just over 300 by late 2025, with more closures expected in early 2026.
Another high street fashion retailer is set to close 33 branches nationwide by the end of January 2026, following a decline in footfall and rent reductions at additional sites in August 2025.
River Island is implementing a restructuring plan, approved by the High Court, to avoid administration. The budget retailer is on track to close around 130 stores by February 2026 as part of its restructuring strategy, while accessing a £30 million emergency overdraft from its former owner.
Claire’s UK & Ireland went into administration in August 2025, with Modella Capital purchasing some stores but leaving 145 stores marked for closure, affecting over 1,000 employees.
The Original Factory Shop (TOFS) faced administration in January 2026, putting all its stores and staff at risk. With significant sales ongoing, the bargain retailer has experienced closures and restructuring in recent years.
WHSmith’s high street division was sold to Modella Capital in 2025, resulting in immediate closures of 20 stores and rebranding of the remaining outlets. Hobbycraft confirmed the closure of 27 branches as part of a financial stabilization effort.
A restaurant chain is expecting to close 15-20 branches as part of a rescue deal following administration in January 2026. Cancer Research UK announced the closure of 88 shops by May 2026 due to rising costs and changing consumer trends, with plans to open new ‘superstores’ by 2028.
A British beauty retailer closed all 32 stores in September 2025 but was saved by an investment group, with intentions to reopen up to 50 stores this year.