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Grocery store large Iceland is to shut much more shops following a string of closures this yr.
The frozen meals specialist has already axed 11 retailers this yr as large manufacturers look to chop prices amid rampant inflation and the price of residing disaster.
Now the funds chain has revealed it was be shutting down an additional 5 shops between now and September, bringing the entire closures to 16 in 2023.
Among the many newest to be axed is Iceland’s Cowdenbeath Excessive Avenue retailer in Fife, Scotland, will deliver down the shutters for good on Saturday, August 12, in response to The Solar.
This can be adopted by the retailers website in Llanelli, Wales, on Saturday, September 2.
Then, on Saturday, September 16, Iceland’s retailer within the Market Buying Centre, Crewe will shut.
Additionally being chopped are the retailer’s websites in St David’s Place, Swansea, and Grange Street, Birkenhead, that are closing on July 29 and September 16 respectively.
Iceland at present has about 500 shops throughout the UK.
However because the cost-of-living disaster continues to grip the nation, grocery store executives have been compelled to rein on spending.
This yr has already seen Iceland shutting retailers in Hitchin city centre and Beccles department in Suffolk, which closed on June 17.
Branches in Bromsgrove, Basingstoke and Rhyl have additionally closed for good, in addition to shops in Newport, Berwick and Hexham.
The grocery store, which has opened 200 shops within the final ten years, says any closures it makes are a part of its continuous overview of its operations.
Richard Walker, government chairman of Iceland Meals, informed MailOnline: ‘Throughout Iceland and The Meals Warehouse we’ve got a portfolio of over UK 1,000 shops, and our retail property has grown by almost 200 shops over the past ten years.
‘We sometimes open greater than 20 new shops annually, creating many new jobs and contributing to the expansion of native economies.
‘On the identical time, we frequently overview the retail expertise provided to our prospects and have all the time made a small variety of retailer closures yearly, as native procuring patterns change and store leases expire.
‘The enterprise is at present buying and selling very strongly, reaching document market shares.’
Quite a lot of main UK retailers and banks have closed excessive road branches in swathes thus far in 2023. Huge-name manufacturers together with Marks & Spencer , Boots and New Look have closed shops in 2023.
A number of retailers are additionally set to shut branches this month, together with Argos and Poundland.
Some branches can be changed by new shops in several areas whereas others are set to go away the excessive road ceaselessly.
The information comes as analysis by the ONS suggests meals costs are falling extra slowly within the UK than most industrialised economies, primarily because of a reliance on meals imports.
The March price of meals worth inflation was 21.2 per cent in Germany, versus 19.1 per cent within the UK, 16.9 per cent in France, 13.2 per cent in Italy, 9.7 per cent in Canada, 8.3 per cent within the USA and eight per cent in Japan.
Iceland retailer closures this yr
Mill Lane, Bromsgrove – closed on February 25
Chineham Buying Centre in Basingstoke – closed on February 25
White Rose Centre, Rhyl – closed on March 14
South Avenue, Newport, Isle of Wight – closed on March 25
St Catherine’s Place, Bedminster, Bristol – closed on March 25
Deiniol Centre, Bangor – closed on March 27
Newport, South Wales – closed on April 22
Marygate, Berwick- closed on April 22
Flint, Wales – closed on Could 27
Hitchin, North Hertfordshire – closed on June 10
Beccles, Suffolk – closed on June 17
Swansea, Wales – closing on July 29
Cowdenbeath, Fife – closing August 12
Llanelli, South Wales – closing September 2
Crewe, Cheshire – closing September 16
Birkenhead, Merseyside – closing September 26
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