Trendy fashion chain launches huge closing down sale ahead of disappearing forever – full list of closures
A huge closing down sale has been launched ahead of its closure in August, according to the Glasgow Times.
It means shoppers have a chance to grab some last minute deals before it closes for good.
The Sun has contacted H&M for comment.
The store, which first opened in 2017, will close as H&M continues with its plans to integrate the brand with another one of its fashion lines, Weekday.
It comes just weeks after the popular clothing brand shuttered it's branch on Carnaby Street in London.
News of the closure came as a blow to shoppers, who in the past described it as their "favourite store" in the world.
While another fan said the clothes were "amazing quality" and "look so good".
H&M already boarded up Monki branches across Manchester, Birmingham, Newcastle and Sheffield earlier this year.
One remaining store continues to trade in Bristol and will either close later this year or be transformed into a new concept store.
Monki's online store has also closed down with the brand now only available to shop through the revamped Weekday website.
Major card chain with 163 shops launches closing down sales ahead of shutting its doors for good
You can check out the full list of stores here:
Arndale Shopping Centre, Manchester -closed January 12
Birmingham city centre -closed March 6
Eldon Square Newcastle -closed January 2025
Sheffield - closed June 2025
Carnaby Street, London - closed June 15 2025
Glasgow - closing August 2025
Bristol -open
A previous statement from H&M read: "A limited number of Monki stores are intended to be transformed into multi-brand Weekday destinations, while the others are intended to be closed."
"The newly formed Weekday multi-brand destination will cater to customers' high aesthetic standards while embracing their multitude of unique expressions."
As part of the process, H&M has also revived its Cheap Monday brand and begun selling it in select Weekday stores and online.
The fashion line was a hit during the early noughties, but H&M axed it in 2018, blaming poor sales.
Weekday currently has five locations in the UK, all of which are in London.
Like Monki, it caters towards a younger audience and sells trendy fashion pieces.
RETAIL PAIN
Plenty of other retailers are reducing their store estates in the face of rising costs and shoppers having less money to part with at the till.
River Island will close 33 of its 230 stores as part of a major restructuring.
The future of a further 70 stores is at risk and dependant on agreements being reached with landlords to slash rent payments.
The retailer is set to split its store estate into seven categories of closures and rent reductions.
New Look has previously warned it would shut nearly 100 stores ahead of National Insurance hikes which came into place in April.
The popular clothing store will also shut down a branch in Neath on August 6.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury's hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025."
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
"By increasing both the costs of running stores and the costs on each consumer's household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020."
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