TUI is set to close 166 high street stores in the UK and the Republic of Ireland, the tour operator announced today (July 30). The furniture chain is planning to close 450 stores—about half of its total locations—the company announced in January 2020 amid falling sales. The competing Michaels craft chain said it plans to acquire and convert around 40 of those locations into craft stores under its brand. The closures come due to the lack of footfall in some shops as a result of the lockdown (Photo: Shutterstock) Boots has announced it is temporarily closing … It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non … USA Today published the list of closures the same year they were announced. It said the decision will allow it to expand online amid a huge shift in "customer behaviour" Other suggestions to drive growth include offering product rental and expanding into garden products, chair Dame Sharon White said yesterday. A poll of 752 businesses showed that most ‘have neither the time nor resources’ to prepare for a non-negotiated exit. The health retailer released an initial list of stores that will shutter on gncevolution.com. The company also operates White House Black Market and Soma. Fast-fashion retailer Zara was hit hard by COVID-19 and will close upwards of 1,000 retail locations. It had already announced up to 8,000 job cuts in April. TUI Shop Closures Mark Turning Point for UK Travel Agents As 45% of Global Tourists Will Buy More Products Online. The company—which runs several familiar mall jewelry stores including Kay Jewelers, Zales, Jared, H.Samuel, and Piercing Pagoda—revealed in June 2020 plans to close 150 U.S. stores and 80 U.K. stores ASAP, and that it will close at least another 150 stores before the end of the year, citing the impact of the COVID-19 pandemic. GameStop said in March that it closed 333 stores in fiscal 2019 and opened 12 new stores. The lender said it had taken a £2.4billion impairment charge in the second quarter for the loans it thinks might go bad — far in excess of the expected £1.5billion provision. August, 3 2020; GlobalData ; Following the’s news that TUI is closing 166 travel agencies, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData. More than half of the closures would be situated in malls, which are already in peril but have faced particular challenges due to social distancing. The closures will mostly affect mall locations. Gap is including in 2020's store closing list. Emily Thomson. Town’s TUI holiday shop closes. Tui’s latest cost-cutting in the UK and Ireland affects up to 900 jobs. The travel and tourism industry is one of the worst-hit industries following the coronavirus pandemic. Apparel and accessories brand Guess plans to close approximately 100 stores in North America and China over the next 18 months. Craft-store chain A.C. Moore plans to close all 145 of its stores in 2020, according to an announcement made by its parents company, Nicole Crafts, in November 2019. Tour operator Tui is to shut 166 high street stores in the UK and the Republic of Ireland in the face of the downturn in travel caused by the coronavirus pandemic. 21 Oct 2020 . Bestseller’s 5 multi-brand stores including Noisy May, Y.A.S., Only, Selected and other brands were closed in February 2020. Plans for the end of the transition had ‘stalled or gone into reverse’, the CBO said. Closing down: a Tui store in Bishop's Stortford (Simon Calder) Tui to close one third of high-street travel agencies. Closing down: a Tui store in Bishop's Stortford ... Thursday 30 July 2020 14:47. “The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords,” a spokesperson for the retailer told Glamour in 2019. FORGET the anonymity of a face mask… now you can buy one showing your actual features. TIU Airways announces temporary closure of England based TUI Stores due to govt restrictions. He said yesterday: ‘We have been warning for weeks that high street travel shops could become a thing of the past unless the government took urgent action to help our industry. A further 1,400 will be made as part of plans to ensure the group becomes ‘more sustainable’. CAPA News Briefs. Travel agent TUI has announced plans to close 166 branches in the UK and Ireland with 900 jobs at risk. The company has managed to keep over 90 locations up and running. Kids’ apparel retailer The Children’s Place announced in June 2020 that it will close 300 of its 920 stores in the United States, Canada, and Puerto Rico, with 200 planned for this year and 100 for 2021. Denim heritage company Lucky Brand Dungarees LLC, which has roughly 200 Lucky Brand stores in the U.S. and sells in certain department stores, announced plans to file for Chapter 11 bankruptcy protection in July 2020, according to USA Today. PENDRAGON is to shut 15 of its car dealerships and make 1,800 staff redundant. Every TV Show That’s Been Canceled in 2020, Proof Serena Williams, Alexis Ohanian, and Baby Olympia Are the Cutest Family on Instagram, 9 Best Neck Stretches That’ll Give You Sweet Relief, The 21 Best Sweatpants for Women to Live In Until Further Notice, a number of retailers filed for bankruptcy. Before the health crisis, a number of retailers filed for bankruptcy and started to shutter physical locations, but in recent weeks the number has shot up. 19 Oct 2020. TUI Travel has announced plans to close 100 of its 1,100 UK agencies. The company is closing 27 stores in 2020, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlets. TUI store closures - what it means if you already have a holiday booked Travel agent TUI has announced plans to close 166 branches in the UK and Ireland with 900 jobs at risk. © 2020 Condé Nast. Motherhood Maternity and A Pea in the Pod also fall under the retailer’s parent company and will be affected. 02 Nov 2020. After 194 years in business, Lord & Taylor announced it will be closing all of its stores. The drugs giant also said it was on track with late-stage trials of its coronavirus vaccine. A weekly guide to everything you should add to cart, but haven’t yet. FRANKFURT, Aug 13 — The world’s largest tour operator TUI said today it slumped to a huge loss in the third quarter as the coronavirus pandemic ravages the global travel sector. In February 2020, department store Macy’s said it will be closing 125 stores over the next three years and cutting thousands of corporate jobs. A. It’s not all bad news for the brand: Though in-mall stores are largely going away, 26 new locations will also open this year. ... Liam Halligan 6 Dec 2020, 6:00am. To revisit this article, visit My Profile, then View saved stories. In June 2020, the coffee giant said it will close up to 400 company-owned stores in the U.S. and Canada over the next 18 months as it rolls out new-format stores and makes other changes better suited to quick pickup and convenience. Bank plan to close up to 500 stores over time, as revealed by their parent company, Tailored Brands, in July 2020. The energy giant was forced to write down the value of assets due to the collapse of oil prices. ‘We need a bespoke package of measures to save our travel industry. TUI Shop Closures Mark Turning Point for UK Travel Agents As 45% of Global Tourists Will Buy More Products Online. The shop closures, due to the merger of TUI with First Choice, will focus on branches which are unprofitable or in locations where there is more than one shop. ■ ONE in four firms is worried about a further economic shock if the UK leaves the EU without a trade deal, a new study reveals. Tui says it will continue to run 350 retail stores, but is planning to close 166 in the UK and Ireland. The tour operator said that a total of 583 jobs will be lost after they either sell off or close 70 of its stores. Find your nearest TUI store or browse our directory. In 2019 it was announced that 183 Destination Maternity locations will close after the company filed for Chapter 11 bankruptcy protection. "Reducing our workforce is a difficult decision that we don’t take lightly," AT&T said in a statement. Glamour may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Between COVID-19’s catastrophic impact on retail coupled with the continued rise of online shopping, 2020 has brought a store closing list that’s predictably vast. Read More Related Articles CAPA publishes more than 400 global News Briefs every weekday, covering all aspects of the aviation and travel industry. The store-closing list of 2020 is vast thanks to COVID-19 and a reliance on online shopping. Tui has already announced plans to cut 8,000 jobs worldwide due to coronavirus, which it describes as "the greatest crisis" the travel industry has ever faced. The home-goods giant announced plans to close dozens of stores in at least eight U.S. states in 2020. E-commerce for the retailer is business as usual. ... Christmas shopping Asda is closing on Boxing Day 2020 along with M&S, Poundland and more but … Following the closures, TUI will have 350 stores in the U.K. and Ireland. Stock up on Perfect Peony body splash now: Bath & Body Works’ parent company, L Brands, announced in May 2020 that 50 locations in the United States, as well as one store in Canada, will close this year. The apparel chain’s parent company, RTW Retailwinds, revealed plans to close 27 stores in its portfolio in 2020, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlets. THE closure of 166 shops by Britain’s biggest tour operator has fuelled fears high street travel agencies will vanish forever. by Daniel Binns Published July 30, 2020 Published Jul 30, 2020 THE closure of 166 shops by Britain’s biggest tour operator has fuelled fears high street travel agencies will vanish forever. As of March 2020, bankrupt sporting-goods retailer Modell’s stopped liquidation sales and closed all of its stores, according to Crain’s. Business briefing: Tui closures ‘signal end of travel stores’ by Daniel Binns Published July 30, 2020 Published Jul 30, 2020. Use my current location. In November 2019, Sears revealed plans to close 96 stores in February 2020, including 51 Sears locations and 45 Kmart stores. Thursday 30 July 2020, 11:55am . The German tourism giant, which has already announced job cuts and store closures, posted a … (The chairman of Kmart engineered the purchase of Sears for $11 billion in 2004.). Register for Expotur Virtual and win a trip to Costa Rica. All products featured on Glamour are independently selected by our editors. In March 2019, Gap said it will be shuttering approximately 230 locations during the next two years due to falling sales. Bass stores. The retail apocalypse has come for your favorite stores, including Macy's, Zara, and Starbucks. 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