Up and down: chang­ing for­tunes

Western Morning News (Saturday) - - News -

High-pro­file vic­tims in­clude:

Deben­hams: The depart­ment store chain an­nounced plans to close 50 stores, af­ter it made a record an­nual loss.

Deben­hams has stores in Ex­eter, Torquay, Ply­mouth and Truro. It is not yet known if any of those will close

Gourmet Burger Kitchen: The posh burger chain, which opened in Ex­eter in 2016, has re­vealed plans to close 17 of its 85 restau­rants. Other restau­rants that have un­der­taken com­pany vol­un­tary ar­range­ments so far this year in­clude Car­luc­cio’s, By­ron, Prezzo – in­clud­ing the branches in Ex­eter and Barn­sta­ple – Gau­cho and Jamie’s Ital­ian.

House of Fraser: The main­stay of Ex­eter High Street, is set to close in Jan­uary.

Marks & Spencer: The high street stal­wart is to shut 100 stores by 2022 in a radical over­haul of its es­tate. Prof­its at the com­pany have slumped by al­most two-thirds.

Pound­world: The bud­get chain called in ad­min­is­tra­tors in June in a move af­fect­ing 5,100 jobs. The busi­ness was hit by fall­ing foot­fall, along­side ris­ing costs and weak con­sumer con­fi­dence. All stores have now been closed.

Toys R Us: The toys em­po­rium closed its Devon branches af­ter the re­tail gi­ant went into ad­min­is­tra­tion.

Maplin: One of the UK’s big­gest elec­tron­ics re­tail­ers, with branches across the West­coun­try, col­lapsed into ad­min­is­tra­tion on the same day as Toys R Us.

Coast: the wom­enswear re­tailer went into ad­min­is­tra­tion in mid-Oc­to­ber, af­fect­ing 300 jobs at 24 stores. But sis­ter brand Karen Millen bought out parts of the busi­ness, res­cu­ing about 600 jobs at 145 depart­ment store con­ces­sions.

But town and city cen­tres have recorded some suc­cesses too. Ply­mouth suc­cess­fully fought to keep its branch of House of Fraser, which will be the only House of Fraser store across Devon and Corn­wall. The va­cant BhS store in Ply­mouth has now been let.

Ex­eter is look­ing for­ward to the open­ing of Typo on the High Street and Oliver Bonas in Princesshay.

In the past month Ex­eter has wel­comed Sa­cred Grounds, a ve­gan café, Eb­dons Re­fresh­ments, Le­vis in Princesshay, Hawkins Bazaar on the High Street and the Black Pearl, a women’s fash­ion bou­tique on Fore Street.

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