Business · Companies · 18 hrs ago
UK retailers and banks announce more store closures
Several UK retailers and banks have announced store closures in the coming weeks and months.
Australian stationery and gifts brand Typo plans to close all 13 remaining UK stores and end online trading by early 2027.
Its owner cited high rents and operating costs, along with weaker sales, as reasons it could not continue in the UK.
HMV will close its Oxford Street flagship store, saying rent demands have doubled and made the site commercially unviable.
Pep&Co’s Glenrothes shop is due to shut on October 22, while M&S plans to close its Alton food store in January when its lease ends; family-run Kam & Co in Basildon plans to close at the end of October.
Lloyds has already closed 17 branches this month and is set to close more, including branches in Gateshead, Devizes, Widnes and Chesterfield.
HMV says it is looking ahead to plans for 2027, while Typo’s UK stores and online business are expected to close by early that year.
UK retailers and banks have announced further store closures, adding to pressure on Britain’s high streets.
Australian brand Typo will close all 13 of its remaining UK stores and end online trading by early 2027.
HMV plans to close its Oxford Street flagship, saying doubled rent demands have made the store commercially unviable.
Pep&Co, Marks & Spencer and family-run Kam & Co have also confirmed closures.
Lloyds Bank is set to close more branches after already shutting 17 sites this month.
- Who
- UK retailers and banks, including Typo, HMV, Pep&Co, Marks & Spencer and Lloyds Bank.
- What
- They have announced store or branch closures, including Typo’s exit from the UK.
- When
- Closures are scheduled from October 2026 through January and early 2027.
- Where
- Locations include Oxford Street in London, Glenrothes, Alton, Basildon and Lloyds branches across the UK.
- Why
- Typo cited high rent and operating costs combined with softer sales. HMV said rent demands had doubled and made its store commercially unviable.
This story does not have two clearly opposing sides.
HMV reopened its Oxford Street store, four years after it had closed.
A Lloyds Bank branch at Jackson House in Gateshead is scheduled to close.
Pep&Co’s Glenrothes store is due to shut after 11 years, and a Lloyds branch in Chesterfield is also scheduled to close.
Kam & Co has planned a closing-down celebration.
The M&S Simply Food store in Alton is due to close when its lease expires.
Typo’s UK stores and online trading are due to close.
- Typo stores
- All 13 remaining UK stores
- Lloyds closures
- 17 sites already shut this month
- Pep&Co Glenrothes
- Closing October 22 after 11 years
- M&S Alton
- Closing in January when the existing lease expires
- Kam & Co
- Family-run Basildon shop opened in 1985
- HMV Oxford Street
- Relaunched in 2023; closure planned after rent demands doubled
What people are saying
Despite the efforts of our teams, ongoing high rent and operating costs, combined with softer sales, mean there is no sustainable path today for Typo in the UK.
It's frustrating that it has been made commercially unviable.
After 41 years we are closing our beloved shop Kam & Co here in Eastgate.