Emily Thomson. By Oliver Gill 30 July 2020 • 1:51pm Tui is set to shut a third of its UK stores in another blow to the high street as the world's biggest travel firm prepares for a bleak summer season. Thursday 30 July 2020, 11:55am . Tui has already announced plans to cut 8,000 jobs worldwide due to coronavirus, which it describes as "the greatest crisis" the travel industry has ever faced. ... Christmas shopping Asda is closing on Boxing Day 2020 along with M&S, Poundland and more but … 19 Oct 2020. In November 2019, Sears revealed plans to close 96 stores in February 2020, including 51 Sears locations and 45 Kmart stores. 21 Oct 2020 . More than half of the closures would be situated in malls, which are already in peril but have faced particular challenges due to social distancing. In 2019 it was announced that 183 Destination Maternity locations will close after the company filed for Chapter 11 bankruptcy protection. But industry groups have urged the government to introduce an emergency rescue package to save agencies. Edward Thicknesse (via Getty Images) Package holiday firm Tui will close 166 of its high street stores… TUI Travel has announced plans to close 100 of its 1,100 UK agencies. Holiday giant Tui is closing 166 High Street stores in Britain and the Republic of Ireland, the UK's biggest tour operator has announced. In October 2019, the fast-fashion mega-chain announced it would be filing for Chapter 11 bankruptcy and planned to close up to 178 U.S. locations. A summer of bankruptcies and store closures is seeping into the fall. The apparel chain’s parent company, RTW Retailwinds, revealed plans to close 27 stores in its portfolio in 2020, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlets. August, 3 2020; GlobalData ; Following the’s news that TUI is closing 166 travel agencies, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData. Updated July 13, 2020 2:20 pm. It had already announced up to 8,000 job cuts in April. In March 2019, Gap said it will be shuttering approximately 230 locations during the next two years due to falling sales. CAPA News Briefs. Register for Expotur Virtual and win a trip to Costa Rica. Around 350 retail stores will remain following the closures. Le Château:After 60 years … The company also plans to close at least 13 stores, it said in a news release. ■ ASTRAZENECA says strong sales across its treatments range during lockdown helped it surpass second quarter profit targets. In a statement TUI said: “The project foresees a reduction of 583 jobs, in the scenario of the closing of all own retail shops, which is approximately 60 percent of the current Tui France staff base. CAPA publishes more than 400 global News Briefs every weekday, covering all aspects of the aviation and travel industry. Leading firm Thomas Cook went bust last September, at the cost of 20,000 jobs including 9,000 in Britain. The cuts, which come after rival Lookers axed 1,500 staff, arise from a review begun before the pandemic. In February 2020, department store Macy’s said it will be closing 125 stores over the next three years and cutting thousands of corporate jobs. The year's closures include Zara, Macy's, and Men's Wearhouse. The company has managed to keep over 90 locations up and running. FRANKFURT, Aug 13 — The world’s largest tour operator TUI said today it slumped to a huge loss in the third quarter as the coronavirus pandemic ravages the global travel sector. In early 2020, fashion retailer Express said it will close 100 stores by 2022. TUI has already extended its suspension holiday packages to Spain and its islands. On June 26, 2020, the tech company announced it plans to close 83 physical stores and pivot to online only. 02 Nov 2020. Ad Choices, Store Closing List 2020: Macy’s, Pier 1, Zara, Nordstrom, and More. (The chairman of Kmart engineered the purchase of Sears for $11 billion in 2004.). A weekly guide to everything you should add to cart, but haven’t yet. The retailer’s CEO also said it planned to cut its corporate head count and shut down select distribution centers. Apparel and accessories brand Guess plans to close approximately 100 stores in North America and China over the next 18 months. Tui’s latest cost-cutting in the UK and Ireland affects up to 900 jobs. Nordstrom announced in June 2020 that it will permanently close all three Jeffrey designer apparel stores (which it owns) in addition to the 16 Nordstrom department stores it plans to shut down. LLOYDS Banking Group revealed a £602million pre-tax loss for the first half of the year as it warned over the ‘profound’ impact of coronavirus. The Evans Halshaw and Stratstone owner said it expects about 400 lay-offs at the dealerships, which are ‘no longer expected to be viable’ after losing £2million last year. Credit: PA. Tui is to close 166 high street stores … It had been operating in Canada since 2015. He said yesterday: ‘We have been warning for weeks that high street travel shops could become a thing of the past unless the government took urgent action to help our industry. According to a recent report from retail data firm Coresight Research, 20,000 to 25,000 stores in the U.S. could permanently shutter this year, with more than 4,000 stores already saying they’ll close down this year. Win a £100 Love2shop voucher with Nova Scotia. Closing down: a Tui store in Bishop's Stortford ... Thursday 30 July 2020 14:47. Business briefing: Tui closures ‘signal end of travel stores’. The closures come due to the lack of footfall in some shops as a result of the lockdown (Photo: Shutterstock) Boots has announced it is temporarily closing 60 … Following the closures, TUI will have 350 stores in the U.K. and Ireland. New York–based fashion manufacturer G-III Apparel Group Ltd. announced in June 2020 that it will permanently close all 110 Wilsons Leather and 89 G.H. The German tourism giant, which has already announced job cuts and store closures, posted a … « Back | Call us on: 0203 451 2688 Some images shown throughout this website do not represent current operational guidelines or health and safety measures such as face masks and physical distancing requirements. “While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inventory for the estate while pursuing options for the company's brands,” Ed Kremer, Lord & Taylor's chief restructuring officer, said in a statement. J.Crew, Neiman Marcus, and JCPenney are among the companies that filed for bankruptcy protection, while bankrupt sporting-goods retailer Modell’s stopped liquidation sales and closed all its stores. The company said the closure of the 166 stores in the UK and Ireland would still leave it with 350 stores in those geographies, but made sense when 70% of TUI's UK bookings were made online. As of January 2020, here are the locations that have closed or are scheduled to close. Thursday 26th November 2020 . Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. The energy giant was forced to write down the value of assets due to the collapse of oil prices. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non … The home-goods giant announced plans to close dozens of stores in at least eight U.S. states in 2020. “The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business,” said CEO Steve Becker in a news release. “The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords,” a spokesperson for the retailer told Glamour in 2019. Win a £300 Red Letter Days voucher with Malaysia Airlines. Tui blamed changing consumer habits — especially online bookings — and the impact of the pandemic, which has stopped millions from taking holidays this summer. Guess plans to ensure the group becomes ‘ more sustainable ’ Alok Sharma asking for help 1,000 retail.! 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