The Body Shop to close 75 more stores
More than 75,000 sq ft of retail space is due to hit the market following the latest round of Body Shop closures, according to exclusive data from EG’s Radius.
Administrators for the ailing high-street giant today announced 75 stores from its portfolio will be closed over the next four to six weeks, following on from the initial cull of seven stores announced last week.
Landlords impacted by the new round of closures include British Land, which owns Broughton Shopping Park near Chester and the St Stephen’s shopping centre in Hull. Shops are also being closed in Landsec’s Gunwharf Quays, Portsmouth, and the White Rose Shopping Centre in Leeds.
More than 75,000 sq ft of retail space is due to hit the market following the latest round of Body Shop closures, according to exclusive data from EG’s Radius.
Administrators for the ailing high-street giant today announced 75 stores from its portfolio will be closed over the next four to six weeks, following on from the initial cull of seven stores announced last week.
Landlords impacted by the new round of closures include British Land, which owns Broughton Shopping Park near Chester and the St Stephen’s shopping centre in Hull. Shops are also being closed in Landsec’s Gunwharf Quays, Portsmouth, and the White Rose Shopping Centre in Leeds.
This leaves 116 stores still open, meaning the fate of more than 150,000 sq ft of space is still in the balance.
Remaining locations include some of the most prime shopping centres in the country including both of London’s Westfield centres (Stratford and White City) as well as Bluewater, Cheshire Oaks, the Trafford Centre and Liverpool One.
Administrators from FRP Advisory said closures announced today will stabilise the chain as it seeks a buyer for the remaining business.
Photo © Maureen McLean/Shutterstock
