62 UK stores, including New Look, set to close

In March, 62 stores across the UK are set to close, including well-known brands like New Look and B&M. The closures are attributed to rising rents, reduced consumer spending, and increased employer National Insurance contributions. Select Fashion will close 35 stores, while Superdry has shut two locations this month. Homebase is closing 10 stores, and New Look has begun a significant closure program, with plans to shut around 91 stores in total. Other notable closures include Yours Clothing, Beaverbrooks, and WHSmith. The retail sector faces challenges, with predictions of over 17,000 store closures this year, following a difficult 2024.