Monsoon and Accessorize owns & # 39; tens & # 39; to close stores

2018 saw one of the worst years for the UK High Street, with retailers slamming their homes and ravaging homes across the country with many job losses.

Crisis-affected brands such as House of Fraser and Marks & Spencer fought to keep stores open, while other retailers such as New Look insisted on a solution to stop store closures and job losses.

Nearly 85,000 retail jobs were lost in the UK in 2018 when businesses went bankrupt because 1,000 retail cases went into administration between January and September.

In addition, the number of empty stores increased by 4,400 in 2018, according to data from the Local Data Company.

House of Fraser (pictured above) is one of the brands with a crisis hit in the UK High Street

House of Fraser (pictured above) is one of the brands with a crisis hit in the UK High Street

Marks & Spencer has fought the UK High Street and previously made a deal with Ocado to transform groceries

Marks & Spencer has fought the UK High Street and previously made a deal with Ocado to transform groceries

Marks & Spencer has fought the UK High Street and previously made a deal with Ocado to transform groceries

Last year, New Look announced it would close 85 stores in the UK

Last year, New Look announced it would close 85 stores in the UK

Last year, New Look announced it would close 85 stores in the UK

High Street giant Gap has also announced it will close 230 stores worldwide, as the US parent company is launching a large-scale restructuring program.

The pressure on High Street retailers is unprecedented and they continue to try to keep up with the growing popularity of online shopping.

Online retailers can keep prices low because they are not confronted with the huge rental costs of physical stores or staff rates.

While retailers are battling the increase in online shopping, they are also being forced to compete against Brexit because many supply chain routes and whether or not they are available in a no-deal scenario result in additional costs for retailers because many are considering to pile up their articles or not to import at all.

GAP (pictured above) also announced that it closed more than 200 stores as part of a global restructuring program

GAP (pictured above) also announced that it closed more than 200 stores as part of a global restructuring program

GAP (pictured above) also announced that it closed more than 200 stores as part of a global restructuring program

The increase in online shopping with companies such as Amazon has also put pressure on the High Street

The increase in online shopping with companies such as Amazon has also put pressure on the High Street

The increase in online shopping with companies such as Amazon has also put pressure on the High Street

Here are some of the big names that have lost themselves because they are facing fierce competition from the rise of online shopping

Carpetright

The carpet trader closes 92 stores in the United Kingdom. These closures represent almost a quarter of all British Carpetright stores.

Toys R & # 39; Us

The largest toy store in Britain was opened in February 2018, leading to an estimated 2,000 layoffs.

House of Fraser

The department store chain was on the eve of administration, but was rescued at the eleventh hour by Mike Ashley, owner of Sports Direct.

Maplin

The electronics giant went bankrupt, closed stores across the country, and endangered thousands of jobs.

Mothercare

The baby and kindergarten chains close 60 stores in the UK that endanger up to 900 jobs.

Poundworld

Poundworld announced that it would enter the administration on June 11 after discussions with potential buyer R Capital failed, putting 5.100 jobs at risk.

Home base

The do-it-yourself chain is ready to close 42 do-it-yourself stores, putting around 1,500 jobs at risk.

Marks & Spencer

The retailer announced in May that it is planning to close 100 stores by 2022, putting hundreds of jobs at risk.

In August, stores in Northampton, Falkirk, Kettering, Newmarket, New Mersey Speke, Stockton and Walsall all stopped trading.

Orla Kiely

Orla Kiely, the Irish fashion store chain, collapsed in September and closed all its stores after a drop in profits.

HMV

In December, HMV entered service with the flagship that closed London Oxford Street earlier this year.

L.K Bennett

Fashion brand L.Bennett has announced that it will submit an application for administration on 1 March 2019. Linda Bennett sent employees an email early in the morning to inform them of the news before it reached news outlets.

Pretty green

In March, Pretty Green of Liam Gallagher submitted the intention to appoint Moorfields Advisory to address insolvency issues in its UK stores. JD Sports bought the company at the beginning of April, which created around 70 jobs.