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Companies which aren’t reopening because of the coronavirus

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Shoppers are keen to return to “normal”, just like many retailers are keen to improve their cash flow by reopening under the new government guidance. However, certain businesses have made the decision not to reopen their shops.

Some of those retailers have decided that it’s best to keep staff on furlough, rather than reopen and cover the staff expenses with minimal income.

Others are taking the extra time to plan and implement safety measures to ensure that customers and staff can follow social distancing guidance.

The retailers that are staying closed

The below list of retailers have confirmed that they will be keeping some or all branches closed, even beyond 4th July.

Aldo

Also is a Canadian shoe and accessories retailer. All 13 of Aldo’s footwear shops are closed since the company has gone into administration.

Beales

With 1,000 employees, Beales fell into administration in January when no one bought the business in a pre-administration deal.

The 139-year-old business confirmed that shops would be closed permanently.

BrightHouse

BrightHouse had 3,000 employees and 270 stores. They provided financial services in the form of rent-to-own agreements for electronics, appliances and furniture, but went into administration in March.

Cath Kidston

Cath Kidston went into administration last month but landed a deal to buy-back its brand and online store. All 60 of their shops will not be reopening, resulting in 900 job losses.

Debenhams

Famous for going into administration twice last year. The retailer has 22,000 employees and in January this year closed 19 of its stores for good.

Debenhams has stated that 50 branches would be reopening. However, 20 stores will remain closed.

Go Outdoors

Purchased by JD Sports for £56.5million, Go Outdoors went through administration and will see a significant restructuring by Deloitte following a major decline in profits.

Laura Ashley

The chain went into administration in March but was rescued by their administrators, Gordon Brothers, in April.

Although Laura Ashley will continue to sell online, their 70 brick and mortar shops will remain closed with 1,669 retail staff on furlough.

Monsoon

545 jobs are being cut at Monsoon as 35 stores are set to close.

The fashion brand went into administration and was nearly instantly brought out by Peter Simon. Adena Brands, which is owned by Peter Simon, will inject £15 million into the brand and will transfer 450 jobs to Adena Brands.

Mr Simon will try to renegotiate with landlords to get a better deal on the remaining 162 store leases.

Oak Furnitureland

Oak Furnitureland is the largest oak furniture retailer in the UK and was saved before collapsing into administration when Davidson Kempner purchased the company for an undisclosed sum.

The deal saved 1,491 jobs and will see most of their 105 shops reopening soon.

Oasis & Warehouse Group

The company which owns Oasis and Warehouse has collapsed into administration in April. Deloitte was brought in as the administrator for the group.

Deloitte announced that all stores would remain closed while buyers are being found for all of the group’s brands.

Victoria’s Secret

The lingerie brand went into administration last month. Victoria’s Secret has 25 shops and 800 employees, which are all at risk.

The company brought in Deloitte as their administrator. Deloitte is seeking a buyer for the business.

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