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5 days agoNew York StateComments Off on The Original Factory Shop launches closing down sale at yet another store – see full list of locations closing in June
THE Original Factory Shop has launched a closing down sale at yet another store.
A branch in Heswall is the latest store to announce its closure, leaving shoppers heartbroken.
The Original Factory Shop is closing down another branch
The Merseyside branch has launched closing down sale to help shift stock before it shutters for good.
Shoppers have a chance to grab up to 70% off selected lines, and 50% off electrical products.
The Henswell store opened two years ago in June 2023.
The exact date the store is closing has not yet been confirmed but The Sun will update this piece when we hear more.
Up to 11 TOFS stores are already to set to close this month, including sites across Worcestershire, Durham and Cumbria .
Meanwhile, another five stores across Nairn, Market Drayton, Troon, Blairgowrie and Castle Douglas have been placed up for sale.
The Original Factory Shop has told The Sun that negotiations are ongoing with landlords – making it unclear whether these shops will remain open.
It comes as part of a major restructuring carried out by new owner Modella Capital with a number of loss making stores having to close as result.
Over June nine of these stores will close, including sites in Dorest and Durham.
Another site in Middlewich is also set to close however a date is yet to be confirmed.
You can see the full list of store closures here:
Milford Haven, Pembrokeshire – June 26
Perth – June 28
Chester Le Street, County Durham – June 28
Arbroath, Angus – June 28
Kidwelly, Carmarthenshire – June 28
Pershore, Worcestershire – June 28
Normanton, West Yorkshire – June 28
Peterhead, Aberdeenshire – June 28
Shaftesbury, Dorset – June 28
Staveley, Cumbria – July 12
Middlewich – TBC
Heswall – TBC
The following stores are also up for sale:
Nairn
Market Drayton
Troon
Blairgowrie
Castle Douglas
What’s been happening with The Original Factory Shop?
Private equity firm Modella bought The Original Factory Shop back in February and has since launched a restructuring effort to renegotiate rents at 88 TOFS stores.
Modella is known for picking up struggling retailers, having also recently acquired Hobbycraft and WHSmith‘s high street shops.
The British Retail Consortium has predicted that the Treasury's hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: “The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025.”
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
“By increasing both the costs of running stores and the costs on each consumer’s household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020.”
Williams was one of Spain’s standout stars at Euro 2024 and finished this season with 11 goals and seven assists for Bilbao, who finished fourth in La Liga to secure a place in next season’s Champions League.
Bayern Munich have also entered the running to sign Williams having lost Leroy Sane, who arrived in Turkey on Wednesday ahead of his move to Galatasaray on a free transfer.
According to Sky Germany, Bayern’s sporting director, Max Eberl, and sporting director, Christoph Freund, have held talks with Williams’ representatives.
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It’s also claimed that Williams himself has told Bayern that he is ‘very open’ to joining them this summer.
Bayern Munich are looking to replace Leroy Sane, who is set to join Galatasaray on a free transfer (Getty)
Bayern, however, will need to pay the €58 million (£48.1m) release clause in Williams’ deal with Bilbao, as well as meet the 22-year-old’s salary demands, which are understood to be in the region of €380,000 (£322,000) a week.
Speaking in April, Williams gave no indication that he would push for a move away from Bilbao this summer.
‘I’m super happy here and feel well,’ the winger said.
‘I’ve always wanted to feel important here.’
Bilbao have also been in talks with Williams to extend his contract, which expires in the summer of 2027.