logo
M&S abruptly closes flagship city centre store after 81 years in blow to shoppers

M&S abruptly closes flagship city centre store after 81 years in blow to shoppers

The Sun08-05-2025

M&S has abruptly shut a flagship city centre store ahead of schedule in a blow for shoppers.
The posh retailer has shuttered the location in central Aberdeen, Scotland.
The store in St Nicholas Street, which opened over eight decades ago, welcomed in customers for the final time on Saturday, STV News reports.
M&S had previously said the flagship store would close in the summer.
But it's not all bad news for Aberdeen residents, as M&S has recently opened a new branch in Union Square in the city.
Luke Smith, M&S Aberdeen store manager, said: 'While we closed our St Nicholas Street location a little sooner than expected, our commitment to serving the Aberdeen community remains steadfast at our fantastic new Union Square store.
'Here, customers can continue to expect the great quality M&S is known for, alongside the trusted value they rely on.
"Plus, with our expanded food hall, they'll discover an even wider range of delicious products to enjoy."
In any case, shoppers and locals have been left gutted after finding out the St Nicholas Street store has shut for good.
Posting on Facebook, one said: "Aberdeen has totally lost it's sparkle it is so sad it was once a nice vibrant place but not anymore."
A second said: "That's super sad. I loved Markies.
"Left Aberdeen 40 years ago and I've never been in the new store but I loved Markies in St Nicholas Street."
Why are shops closing stores?
Meanwhile, a third commented: "Aberdeen is a ghost town now."
The closure comes with M&S in the process of majorly shaking up its store estate across the UK.
The retail giant is opening six new locations while giving 11 existing shops a makeover in London as part of a £90million project.
The first of the 11 refurbished stores opened in Clapham South at the end of last month.
M&S said the £90million investment would build on a further £30million investment pumped into its London stores last year.
Meanwhile, the retailer is pumping £50million into opening five new stores and renovating three in the North West of England.
New stores are set to open in Liverpool and Lancashire, subject to planning approval.
OTHER STORE CLOSURES
It's common practice for larger-scale retailers to open and close branches based on customer demand and sales.
But bigger chains still shut thousands of stores between them in 2024, with more set to close in 2025.
The Centre for Retail Research found 2,138 shops were shut by larger chains last year.
Meanwhile, 11,341 independent stores were shut across the year.
The centre predicts 17,350 shops in total will close in 2025, linking the rise to hikes in employer National Insurance contributions and the national minimum wage.
Some retailers have warned products will rise in price to offset the added costs too, including M&S and Greggs.
Why are retailers closing shops?
EMPTY shops have become an eyesore on many British high streets and are often symbolic of a town centre's decline.
The Sun's business editor Ashley Armstrong explains why so many retailers are shutting their doors.
In many cases, retailers are shutting stores because they are no longer the money-makers they once were because of the rise of online shopping.
Falling store sales and rising staff costs have made it even more expensive for shops to stay open.
The British Retail Consortium has predicted that the Treasury's hike to employer NICs from April 2025, will cost the retail sector £2.3billion.
At the same time, the minimum wage will rise to £12.21 an hour from April, and the minimum wage for people aged 18-20 will rise to £10 an hour, an increase of £1.40.
In some cases, retailers are shutting a store and reopening a new shop at the other end of a high street to reflect how a town has changed.
The problem is that when a big shop closes, footfall falls across the local high street, which puts more shops at risk of closing.
Retail parks are increasingly popular with shoppers, who want to be able to get easy, free parking at a time when local councils have hiked parking charges in towns.
Many retailers including Next and Marks & Spencer have been shutting stores on the high street and taking bigger stores in better-performing retail parks instead.
In some cases, stores have been shut when a retailer goes bust, as in the case of Carpetright, Debenhams, Dorothy Perkins, Paperchase, Ted Baker, The Body Shop, Topshop and Wilko to name a few.
What's increasingly common is when a chain goes bust a rival retailer or private equity firm snaps up the intellectual property rights so they can own the brand and sell it online.
They may go on to open a handful of stores if there is customer demand, but there are rarely ever as many stores or in the same places.
The Centre for Retail Research (CRR) has warned that around 17,350 retail sites are expected to shut down this year.
.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EXCLUSIVE Walmart staff warn shoppers over avalanche of price hikes on all your favorite products
EXCLUSIVE Walmart staff warn shoppers over avalanche of price hikes on all your favorite products

Daily Mail​

timean hour ago

  • Daily Mail​

EXCLUSIVE Walmart staff warn shoppers over avalanche of price hikes on all your favorite products

Walmart employees say they're being hit with a flood of in-store price updates — and they're sounding the alarm online. Screenshots from workers' handheld inventory devices show thousands of items being repriced across entire stores — in some cases, more than 15,000 in a single location. Another said that at their store, just in the clothing section, there were '4,000 today'. 'Lately my section has been getting 5,000 to 9,000 a week,' another added, saying it was a 40 to 50 percent increase over usual. Not all of the adjustments are price hikes. Some will be markdowns or seasonal promotions. But the sheer volume has workers overwhelmed — and it's raising eyebrows as Walmart deals with inflation-weary shoppers, rising supplier costs, and renewed pressure from President Donald Trump's tariffs. Independent analysts have told that the President's signature policy would make products more expensive. Walmart confirmed as much in its most recent earnings update, revealing it would raise prices in direct response to the new tariffs. The grocery giant — which imports 60 percent of its goods from China —said it would have to pass along the 'unprecedented' costs of Trump's trade war on to consumers. 'Pricing fluctuations are a normal course of business and are influenced by a variety of factors,' Joe Pennington, Walmart's global press office lead, told 'We remain dedicated to managing inventory well and managing costs to maintain everyday low prices. 'Nothing about the current environment changes our focus — in the last quarter we had 6,500 rollbacks which is 1,000 more than the previous quarter.' Last month, Walmart CEO Doug McMillon warned that prices would rise in response to sweeping tariffs on Chinese goods — a comment that drew backlash from President Donald Trump. 'Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,' Trump threatened on social media. 'Between Walmart and China they should, as is said, "EAT THE TARIFFS," and not charge valued customers ANYTHING. I'll be watching, and so will your customers!!!' Walmart has since modestly backtracked on its higher price warnings, repeatedly saying it is trying to 'keep prices low.' But attempts to skirt the tariffs will be challenging. Previously, a Walmart employee posted a picture of a price change on a Hasbro doll - the price increased by over 40 percent Meanwhile, a growing number of staffers are posting on social media, claiming products are getting more expensive. For example, in another thread, an employee posted a picture of a Hasbro My Real Baby doll's price surge, shocking the tag from $34.97 to $49.97 — a nearly 43 percent increase. For industry analysts, Walmart's pricing changes are seen as a bellwether for the rest of the retail economy. The retailer has over 4,800 stores across the US. It was the largest company by revenue in the world in 2024. Because of its sheer size, wherever Walmart's pricing goes, other stores will likely follow. But the retailing giant isn't the only chain under tariff pressure. Several retailers have warned that their prices will also climb with Trump's tariff regimes. Executives from Best Buy and Target have also warned of incoming price increases tied to the new trade policies. And when Amazon said it would label tariffs as a separate line item on some product listings, the White House publicly called the move a 'hostile and political act.' The e-commerce giant quickly scrapped plans to advertise the tariff increases after the call-out.

Findlay: Tories will save £650m – and use the cash to cut taxes for Scots
Findlay: Tories will save £650m – and use the cash to cut taxes for Scots

The Independent

time3 hours ago

  • The Independent

Findlay: Tories will save £650m – and use the cash to cut taxes for Scots

Scottish Conservative leader Russell Findlay will promise voters his party can bring down taxes by stopping 'wasteful spending' and making £650 million of savings. He will insist there is a need to 'urgently streamline bloated government' at Holyrood. The party leader will outline plans for a Taxpayer Savings Act, promising this will save £650 million by 'cutting red tape, getting a grip on spending, and harnessing business expertise'. Mr Findlay will also tell the Scottish Conservative Party conference in Edinburgh about plans to establish a Scottish Agency of Value and Efficiency. This would be run by business leaders, he will tell the conference, who would then be 'tasked with wielding a claymore on waste'. The Scottish Tory leader has already accused First Minister John Swinney and his Government of wasting money 'on an industrial scale'. In his keynote speech to the conference – his first since becoming leader north of the border last year – he will say that 'putting a stop to wasteful spending is top of our agenda'. Mr Findlay will tell party supporters: 'We need to urgently streamline bloated government. 'Improving services means treating people's money with respect.' He will say £650 million that could be saved as a result of a Taxpayer Savings Act would be used 'to bring down people's taxes', adding: 'By doing that, we would start to restore trust.' Mr Findlay will also promise the Tories would 'shut down quangos that don't deliver value' and 'tackle the SNP's culture of cronyism through strict new rules on public appointments'. He will pledge a future Conservative government at Holyrood would seek to reduce both the number of ministers and special advisers. He is then expected to say: 'We would introduce a Scottish Agency of Value and Efficiency, run by business leaders. People in the real world who know how to get things done. 'They would be tasked with wielding a claymore on waste.' Another proposal will be for an Accountability and Transparency Index, with Mr Findlay saying this would 'shine a light on every organisation that receives public money, and would begin to dismantle the SNP's toxic era of secrecy'. Scottish public finance minister Ivan McKee said: 'The Scottish Government is making real progress in reforming the public sector: the number of Scottish public bodies under Government control has shrunk from 199 in 2007 to 131. 'However, we know there is more to do, which is why I will soon unveil our public service reform strategy. 'Unfortunately, this work has been made more difficult by the UK Government's decision to pursue Brexit, which in 2023 alone led to an estimated cut in public revenues of about £2.3 billion. 'Most Scottish taxpayers already pay less income tax than they would elsewhere in the UK.'

'I was Mrs Poundland, but I stopped going when their prices went up'
'I was Mrs Poundland, but I stopped going when their prices went up'

BBC News

time4 hours ago

  • BBC News

'I was Mrs Poundland, but I stopped going when their prices went up'

Sharon Carroll once shopped so much at her local Poundland that her friends described her as "Mrs Poundland". "I'd just buy so many things," says Sharon. "I'd spend £40 to £50."When everything used to be £1 it was a big attraction."But when the company began to change its pricing strategy, increasing the prices of some products from £1, the 45-year-old says she cut down on her purchases."The quality of the products was also going down and you were paying more for things." Other shoppers also told the BBC that they were put off when the retailer started putting its prices week, the struggling budget chain was sold for (appropriately) £1 by its owner Pepco to a US investment firm, Gordon Brothers. Up to 100 stores are at risk of £1 promise was Poundland's "most compelling proposition", says Howard Lake, a retail consultant at Kantar."Removing this identity alienated its core shopper base."The company clearly agreed. After it raised some prices from £1 in 2017, earlier this year it said it was returning to its roots, increasing the number of products it offered that cost £1 or less from 1,500 to 2,400, almost half its range. Small towns Poundland has 825 stores in the UK, with around 16,000 of those shops are former Woolworths or Wilko branches, which it hoovered up after the two brands became the biggest occupant of ex-Woolworths stores after the retailer went into administration in 2009, taking on 93 of its stores, more than 10% of the Woolworths estate. In September 2023 it took over the leases of 71 former Wilko these stores were in the kinds of small towns where other large retailers do not have a presence."They might have had a Woolworths, a bank and a charity shop," says Jonathan de Mello, a retail analyst and the founder of JDM Gray loves going into her local Poundland in Bangor, Northern Ireland. Recently, she found a pair of small ceramic houses in the store, which were a copy of a design she had seen at Zara. "We don't have a Zara near where I live," she says. Poundland's presence in small towns has been crucial to fostering a sense of customer loyalty, says retail psychologist Kate Nightingale."Simply being present in people's daily rituals is one of the strongest ways to build interdependence."Presence plus reliance are some of the most important qualities of loyal relationships and it is no different to relationships we build with brands."But de Mello says when Poundland expanded into small towns, not enough people went in, which hit their bottom line."In the small locations that they've opened multiple stores in, I feel the volumes aren't there in terms of footfall, unfortunately." Increased competition In 2016 Poundland expanded into fashion, beginning the roll-out of its Pep&Co clothing range, but this soon faced a trading update in May 2024, the company admitted that changes to the way it sourced clothing had reduced the number of sizes on offer. While the wide range of products stocked by Poundland may have been handy for consumers, it became a problem for the stocked so many different products – from food to clothing, to homewares and baby products – that it became, says Kantar's Howard Lake, a "supermarket-general store hybrid".That made it vulnerable to competition from numerous other the food side, there are Aldi and Lidl, whose UK presence has grown rapidly in recent years. On the homewares side are Home Bargains and B&M. And on the clothing side are Shein and Temu, the cheap Chinese exporters which have enjoyed a surge in popularity among British says Lake, consumers found these other offers "far more attractive". Poundland told the BBC: "Our missteps have been well documented and those include the execution of Pepco-sourced clothing and general merchandise product ranges in a way that didn't fully align with UK & Ireland customers' expectations."We're looking forward to having the opportunity to put those missteps right as we put our recovery plan in place." Shoppers like Elinor Martin in Sutton Coldfield hope the company uses Poundland to pick up snacks for her sons' packed lunches, stationery and birthday cards for school, plus shampoo, shower gel and cleaning says she would miss her local branch if it were to close. "I can get things I need at Poundland. I find things cheaper there [than local supermarkets]."Elizabeth Gray in Bangor says she would miss her local store too if it went."I would be sad if it closed," she says. "I'm kind of in love with Poundland." Additional reporting by Charlotte Edwards and Tom Espiner

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store