Business

High street crisis deepens as 3,150 staff lose jobs in a week

Fifteen Links of London units join all 79 Mothercare stores, plus three HMV and six Debenhams outlets

a no entry sign next to a mothercare store

Mothercare and Links of London will disappear from UK high as 94 stores close their doors for good, resulting in 3,150 job losses.

All 79 Mothercare shops and 15 Links of London will have shut by Sunday night, after both companies collapsed into administration before Christmas.

The latest wave of closures, with 2,800 jobs lost at Mothercare and 350 at Links, comes after a tough festive period for high street retailers when subdued spending combined with the shift to online.

UK high street woes

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which big names closed stores in the past year?

19 Debenhams’ stores closing, which will result in 660 jobs losses. Also Debenhams is undergoing restructure that could result in 50 stores closing by the end of 2021.

Greg Lawless, a retail analyst at the stockbroker Shore Capital, said: “There is a seismic structural shift going on in the industry. The market is polarising and those that are caught in the middle need to fundamentally transform their businesses to survive in the 2020s.”

House of Fraser is expected to close more stores this year including Grimsby and Milton Keynes, and the department store’s Wolverhampton outlet is scheduled to relocate.

High street crisis deepens as 3,150 staff lose jobs in a week
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