Global Fashion Retail Industry Roundup 03-06
Here’s your updated roundup of major developments in the global fashion retail industry for the week ending June 3, 2025:
Major Retail Closures & Restructuring
Poundland is set to close its Bank Street branch in Newquay on August 1, 2025, after failing to reach terms to keep it open. This decision has sparked local backlash, including a petition launched by residents who rely on the store for everyday needs. The closure is part of broader troubles for the bargain retail chain, as up to 200 of its stores are at risk amid a sale process initiated by parent company Pepco. (thescottishsun.co.uk)
Macy's has confirmed the closure of 150 stores by the end of 2026 as part of the company's "Bold New Chapter" initiative, which aims to modernize its operations by shiftin...