STORE CLOSED
Town centre cosmetics store launches 50% off closing down sale and shutters come down in DAYS
Check below to see other retail closures
A BELOVED hair and cosmetics store is set to close for good within days - and has launched a 50 per cent closing-down sale.
Shoppers in Norwich will have to look elsewhere after a popular cosmetics store announced it will close in a matter of days.
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ADOB, in Derhemn Road, will pull down its shutters for good on May 20 - seven years after it first opened.
Desire Matembera, the shop’s owner, revealed that rising rent prices was the main reason for the store’s closure.
Despite having a loyal customer base throughout the years, ADOB failed to generate enough revenue to stay afloat.
Shoppers have been met with handwritten signs announcing the store's 50 per cent closing-down sale until Tuesday.
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It comes after a major high street name confirmed it will be shutting after four decades – and locals fear it's another blow to their struggling town centre.
Superdrug will be closing its store in Grantham after over 40 years of trading on August 9th.
The health and beauty chain, which has more than 830 shops across the UK, will lose yet another store, with locals already mourning the loss.
One upset shopper took to Facebook to break the news, writing: “Heard the sad news today that Superdrug will be closing down. Been in Grantham for over 40 years. This town is dying.”
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Dozens of others echoed the sentiment, with one saying: “So sad. Grantham will have nothing soon.”
Another added: “Be empty shops everywhere soon x”
It’s not yet clear why the store is closing or what will take its place – but the news has sparked fears over the future of the town centre, which has already seen several big-name brands vanish from its high street in recent years.
OTHER RETAIL CLOSURES
Beales, one of Britain's oldest department stores, has launched a closing down sale before it shuts its last remaining shop after more than 140 years.
The company will shut its branch in Poole's Dolphin Centre on May 31.
The sale includes fashion, furniture, gifts and cosmetics, being sold for up to 70% off.
Elsewhere, high street fashion chain New Look has begun to close stores as it scales back its UK footprint.
It is understood to be shutting nearly 100 stores - equivalent to around a quarter of its 364 shops.
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Stores in Gateshead, Tyne and Wear, St Austell, Cornwall and Porth, Rhondda Cynon Taf have launched closing down sales.
Reports suggest that the company has been forced to accelerate the pace of store closures due to tax changes in the Autumn Budget.
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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