We are all well aware of economy crisis at the moment, it has hit most of our pockets hard and it has now hit Sir Philip Green’s. Arcadia reported a 38% fall in annual profits leading to the decision of closing down 260 UK stores. This will happen over the space of 3 years.

“We have got, from my memory, 450-460 stores where leases expire in the next three years, and I think in our latest summary we will close more than half of those. So I would say I’d expect to close 250-260. I’d say there may be other opportunities that turn up, but in terms of our existing portfolio, that’s what I’m thinking.” Sir Philip Green.

Arcadia’s stores:

  • Top Shop
  • Top Man
  • Miss Selfridge
  • BhS
  • Dorothy Perkins
  • Wallis
  • Burtons
  • Evans
  • Outfit
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