News24

UK high street shop owner plots 400 store closures

UK high street shop owner plots 400 store closures It comes after it was already confirmed that 100 stores would close as part of a restructuring plan in a move to focus more on online sales. The owner of fashion chain Phase Eight could close up to 400 stores as it looks to cut costs and adapt to changing shopping habits, according to reports. TFG, which owns the womenswear retailer, has already confirmed plans to shut more than 100 underperforming stores as part of a major restructuring...