Latest news with #Warwicks
Yahoo
12 hours ago
- Business
- Yahoo
Town's menswear shop closes down after 157 years
A men's clothing store described by customers as being a "foundation" of a town has closed down after 157 years. Warwicks of Wellingborough in Northamptonshire shut down on Saturday following the retirement of its fifth-generation owner Neil Warwick. Mr Warwick, 61, said none of his family wanted to taker over the business, which he claimed was the oldest retailer in the county. Speaking about the closure, he said that the shop was still "profitable and successful, but that's life". Mr Warwick said the final week of trading had been "incredibly busy", with many customers coming in to share stories and memories of visiting. "A lot of people just wanted to come in and say 'wow, I used to come here with my dad, grandad... so many people," said Mr Warwick. "People have travelled in from miles away." The shop was opened in 1868 by his great, great, grandfather Samuel Warwick and then passed down to five other Warwicks - Harry, Cyril, his father Alan, and then to Neil and his brother David. He said when David died in 2019 it made him realise he wanted a "new adventure" and there were "other things in life", adding he would "spend a bit more time enjoying life", starting by taking his wife on holiday. "We've recently become grandparents and have lots of nice things to do. I'm sure I won't get bored," he said. The shop used to make its own suits but stopped in the 1960s when ready-made wear became popular. It also sold school uniforms until 15 years ago, when online retail really took off. Speaking before the store closed its doors for good, customers shared their sadness at the end of Warwicks. Barry Day travelled from Bozeat for one last visit. "My relationship with the shop goes back over 25 years," the 67-year-old explained. "I would buy uniforms for my son. They've got really good quality men's clothes. It will be a sad loss. "This is a foundation of Wellingborough... I don't think you'll get a quality shop like this ever again." Colin Gilmour, 76, lives in Earls Barton but grew up in Wellingborough. He said visiting the town used to be a "day out" for him in his youth. "It [Warwicks] is one of the last bastions of Wellingborough. It's sad but things move on I suppose." Follow Northamptonshire news on BBC Sounds, Facebook, Instagram and X. Town's menswear shop to shut after 157 years Jewellers to close premises after nearly 50 years Council leader to meet traders over market changes
BBC News
12 hours ago
- Business
- BBC News
Wellingborough's Warwicks menswear shuts down after 157 years
A men's clothing store described by customers as being a "foundation" of a town has closed down after 157 of Wellingborough in Northamptonshire shut down on Saturday following the retirement of its fifth-generation owner Neil Warwick, 61, said none of his family wanted to taker over the business, which he claimed was the oldest retailer in the about the closure, he said that the shop was still "profitable and successful, but that's life". Mr Warwick said the final week of trading had been "incredibly busy", with many customers coming in to share stories and memories of visiting."A lot of people just wanted to come in and say 'wow, I used to come here with my dad, grandad... so many people," said Mr Warwick. "People have travelled in from miles away."The shop was opened in 1868 by his great, great, grandfather Samuel Warwick and then passed down to five other Warwicks - Harry, Cyril, his father Alan, and then to Neil and his brother David. He said when David died in 2019 it made him realise he wanted a "new adventure" and there were "other things in life", adding he would "spend a bit more time enjoying life", starting by taking his wife on holiday."We've recently become grandparents and have lots of nice things to do. I'm sure I won't get bored," he said. 'Last bastion of town' The shop used to make its own suits but stopped in the 1960s when ready-made wear became popular. It also sold school uniforms until 15 years ago, when online retail really took before the store closed its doors for good, customers shared their sadness at the end of Warwicks. Barry Day travelled from Bozeat for one last visit."My relationship with the shop goes back over 25 years," the 67-year-old explained. "I would buy uniforms for my son. They've got really good quality men's clothes. It will be a sad loss."This is a foundation of Wellingborough... I don't think you'll get a quality shop like this ever again." Colin Gilmour, 76, lives in Earls Barton but grew up in said visiting the town used to be a "day out" for him in his youth."It [Warwicks] is one of the last bastions of Wellingborough. It's sad but things move on I suppose." Follow Northamptonshire news on BBC Sounds, Facebook, Instagram and X.
The Sun
24-04-2025
- Business
- The Sun
Major convenience chain with 2,600 stores to abruptly close much-loved branch within HOURS
A POPULAR convenience store is set to close its doors for good by 5pm this Saturday, April 26. The branch, part of nationwide chain SPAR, is located on Allaway Avenue in Portsmouth. Shoppers can now bag bargains with 50% off most items before it goes. Bosses took to social media to break the sad news to loyal customers. In a post on Facebook, the store wrote: "Due to unforeseen circumstances our Allaway Avenue store will sadly be closing on Saturday 26th April at 5pm. We are offering a 50% discount on most lines (some exclusions apply, see in-store for details)." Shoppers were left gutted and flooded the comments with memories and farewells. One wrote: "End of an era. I remember it being the original Co-op. Sad really." Another said: "What a shame. Loved working here! All the staff are amazing people. Allaway Avenue won't be the same without the Spar." A third simply added: "Such a shame." SPAR, which has more than 2,600 stores across the UK, has not confirmed what will happen to the site or the staff once the shop shuts. The news comes as other retailers, both independent and industry giants, continue to struggle. Just a few months in to 2025 and it's already proving to be another tough year for many major brands. Why are shops closing stores? Rising living costs - which mean shoppers have less cash to burn - and an increase in online shopping has battered retail in recent years. In some cases, landlords are either unwilling or unable to invest in keeping shops open, further speeding up the closures. 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." It was revealed this week that a beloved menswear, Warwicks, based in Wellingborough, Northampton, that's been a staple of the high street for over 150 years, is shutting its doors for good on June 28. Likewise, popular family-run hardware shop, Howell's DIY, based in Wallasey, Wirral, is closing down at the end of April. Last month, Essential Vintage told followers on social that it would be closing down after they had been "priced out" because of bigger players in the market such as Vinted. Whilst, Red Menswear in Chatham in Medway, Kent, shut for the final time on Saturday, March 29, after selling men's clothing since 1999. Shoezone, located on Devonshire Road, has confirmed it's final day of trading will be May 13. New Look bosses made the decision to axe nearly 100 branches as they battle challenges linked to Autumn Budget tax changes. Approximately a quarter of the retailer's 364 stores are at risk when their leases expire. This equates to about 91 stores, with a significant impact on New Look's 8,000-strong workforce. It's understood the latest drive to accelerate closures is driven by the upcoming increase in National Insurance contributions for employers. The move, announced by Chancellor Rachel Reeves in October, is expected to hit retailers hard - and the British Retail Consortium has predicted these changes will create a £2.3billion bill for the sector. Meanwhile, the WHSmith brand name looks set to vanish from British high streets after 230 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.
