A MAJOR department store chain is set to close its doors in a busy shopping centre.
TJ Hughes in the Antonine Shopping Centre in Glasgow has revealed it will be pulling down the shutters for the final time.
The store has launched a closing down sale before shutting down for good.
TJ Hughes, which was founded in 1912, stocks home appliances, clothes and even furniture.
It is unknown why or when the brand’s location in the North Lanarkshire leisure facility is closing.
The shop in Cumbernauld which is closing first opened its doors in 2019.
A sign on the shops window reads: “Closing down sale.”
Locals took to Facebook to weigh in with their opinions after hearing the news.
One said: “The shopping centre is getting ready to get knocked down.”
Another wrote: “One of many unfortunate stores to permantly close due to on-line shopping.”
A third commented: “TJ Hughes has been struggling for a few years now.”
A Facebook user said: “Saw the signs a year ago. They blocked off 1/2 the shop. I always felt sorry for the staff as the shop is freezing.
“Often saw them wearing outdoor clothes just to man the till.”
Retailers have been feeling the squeeze since the pandemic, while shoppers are cutting back on spending due to the soaring cost of living crisis.
High energy costs and a move to shopping online after the pandemic are also taking a toll, and many high street shops have struggled to keep going.
The high street has seen a whole raft of closures over the past year, and more are coming.
The number of jobs lost in British retail dropped last year, but 120,000 people still lost their employment, figures have suggested.
Figures from the Centre for Retail Research revealed that 10,494 shops closed for the last time during 2023, and 119,405 jobs were lost in the sector.
It was fewer shops than had been lost for several years, and a reduction from 151,641 jobs lost in 2022.
Although there were some big-name losses from the high street, including Wilko, many large companies had already gone bust before 2022, the centre said, such as Topshop owner Arcadia, Jessops and Debenhams.
“The cost-of-living crisis, inflation and increases in interest rates have led many consumers to tighten their belts, reducing retail spend,” Prof Bamfield said.
“Retailers themselves have suffered increasing energy and occupancy costs, staff shortages and falling demand that have made rebuilding profits after extensive store closures during the pandemic exceptionally difficult.”
Alongside Wilko, which employed around 12,000 people when it collapsed, 2023’s biggest failures included Paperchase, Cath Kidston, Planet Organic and Tile Giant.
The Centre for Retail Research said most stores were closed because companies were trying to reorganise and cut costs rather than the business failing.
However, experts have warned there will likely be more failures this year as consumers keep their belts tight and borrowing costs soar for businesses.
The Body Shop and Ted Baker are the biggest names to have already collapsed into administration this year.
RETAILERS have been hit by soaring inflation and a downturn in spending due to the cost of living crisis.
High energy costs and a move to shopping online are also taking their toll.
Some high street shops have closed due to businesses opening up in different locations such as larger retail parks.
Shops may also close due to a number of other reasons, such as rising rents.
We explain which retailers are closing in 2024:
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