{"id":4524,"date":"2026-03-28T12:35:07","date_gmt":"2026-03-28T12:35:07","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=4524"},"modified":"2026-03-28T12:35:07","modified_gmt":"2026-03-28T12:35:07","slug":"stores-to-close-earlier-than-expected-after-major-uk-high-street-retailer-enters-administration","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=4524","title":{"rendered":"Stores to close earlier than expected after major UK high street retailer enters administration"},"content":{"rendered":"

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Over 1,200 jobs at risk <\/h2>\n<\/p>\n

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A number of stores are set to close earlier than expected of a major UK high street retailer which has entered administration.<\/p>\n<\/div>\n

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A number of large retailers and business have been struggling in the UK in recent months. <\/p>\n<\/div>\n

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Poundland, River Island, Claire’s, and a number of travel agents have flirted with administration, been forced to restructure, or disappeared completely from the high street.<\/p>\n<\/div>\n

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With discount chain store The Original Factory Shop (TOFS) entering administration at the start of the year, a number of stores are closing earlier than expected.<\/p>\n<\/div>\n

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The chain was bought by Modella Capital last year and was already on the brink of collapse when it was acquired by the group.<\/p>\n<\/div>\n

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Its owner Modella said in January that tough trading conditions and “an alarming drop-off in pre-Christmas footfall’ meant administration was “the only option”.<\/p>\n<\/div>\n

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The business employs over 1,200 people.<\/p>\n<\/div>\n

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TOFS opened its first shop in the late 1960s and has around 130 stores nationwide.<\/p>\n<\/div>\n

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TOFS collapse comes after Claire’s, also owned by Modella, appointed administrators at the start of the year.<\/p>\n<\/div>\n

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Claire’s appointed Kroll as administrators to its UK and Irish operations, a move which could put around 1,300 jobs at risk.<\/p>\n<\/div>\n

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The retailer’s financial issues are reported to have come from a “combination of government policy, landlords’ demands to take back many of TOFS’ better sites and a poorly handled transition to a new logistics provider”, as per Sky News.<\/p>\n<\/div>\n

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Modella also owns the high-street operations of well-known chain WH Smith’s, which have been rebranded to TG Jones, as well as Hobbycraft.<\/p>\n<\/div>\n

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#Stores #close #earlier #expected #major #high #street #retailer #enters #administration<\/p>\n","protected":false},"excerpt":{"rendered":"

Over 1,200 jobs at risk A number of stores are set to close earlier than expected of a major UK high street retailer which has entered administration. A number of large retailers and business have been struggling in the UK in recent months. Poundland, River Island, Claire’s, and a number of travel agents have flirted […]<\/p>\n","protected":false},"author":1,"featured_media":4525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2380,450,2510,1270,3339,463,473,2578,1588,923,2579,2384,2580,1631,517,2581],"class_list":{"0":"post-4524","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"tag-administration","9":"tag-business","10":"tag-close","11":"tag-earlier","12":"tag-enters","13":"tag-expected","14":"tag-high","15":"tag-high-street","16":"tag-major","17":"tag-news","18":"tag-retail","19":"tag-retailer","20":"tag-shops","21":"tag-stores","22":"tag-street","23":"tag-the-original-factory-shop"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4524"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/4525"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}