HOMEWARE retailer Oak Furnitureland has revealed plans to shut 27 shops, putting 163 jobs at risk.
Oak Furnitureland has announced plans to shut 27 storesCredit: Alamy
It comes just a month after Oak Furnitureland was rescued from collapse in a pre-pack administration deal.
Oak Furnitureland was bought by hedge fund Davidson Kempner Capital Management for an undisclosed figure.
At the time, it was confirmed a review of its store structure would take place.
Oak Furnitureland confirmed the first phase of this today, and said the Covid-19 pandemic sparked “uniquely challenging” business conditions for its stores.
Which Oak Furnitureland stores could close?
OAK Furnitureland has announced plans to shut 27 stores.
The retailer is now in a consultation process with landlords, where final details will be confirmed.
- Bath (clearance)
- Brent Cross
- Chippenham (clearance)
- Cardiff (clearance)
- Cumbernauld (clearance)
- Leeds Crown Point
- Merry Hill
- New Malden
- Southend on Sea
- Sutton in Ashfield
- Weston Super Mare
Oak Furnitureland has started consultation processes with landlords of the affected stores, as well as the 163 employees at risk of redundancy.
You can see the list of stores that are earmarked for closure, pending talks with landlords, in the box above.
The list is made up of four clearance stores and 23 showrooms.
Oak Furnitureland has 105 showrooms across the UK and it employs 1,491 people.
All customer orders and deliveries will be fulfilled as normal, the retailer has confirmed.
Businesses in turmoil in 2019 and 2020
OAK Furnitureland is the latest in a long list of businesses to be facing trouble. In 2019 and so far in 2020 we’ve seen:
- Go Outdoors enter into administration putting 2,400 jobs at risk
- Jamie Oliver’s “Jamie’s Italian“chain go bust, alongside his Fifteen and Barbecoa restaurants
- Links of London go into administration putting 350 jobs at risk
- Marks and Spencer close 35 more stores as it pushes forward with plans to axe 145 shops across the UK
- Dozens of Monsoon and Accessorize stores close
- Struggling shoe shop Office has said it “could close shops” as part of restructuring plans
- Fears Pizza Express could be next to go into administration as it “brings in emergency advisers”
- Hairdressing chain Supercutswent into administration in October 2019 – putting 1,200 jobs and 220 salons at risk
- Maternity and baby retailer Mothercare collapsed into administration in November 2019 after 58 years on the high street, putting 2,500 jobs at risk
- Department store chain Bealeswent into administration in January 2020 with 23 shops and 1,052 jobs at risk
- High end fashion brand Ted Baker said it plans to axe 160 jobs in February 2020
- Mobile phone retailer Carphone Warehousesaid in March 2020 that it’ll close all 531 standalone stores in April
- Vintage furnishing and fashion firm Cath Kidston said it was closing all 60 high street stores in March 2020
- Fashion store Animal said in April 2020 it was closing all 21 of its UK stores
- Department store chain Debenhams fell into administration for the second time in April 2020
- P&O Ferries said in May 2020 that it was looking at making 1,100 workers redundant
- TUI warned in May 2020 that 8,000 jobs could be cut due to the ongoing coronavirus crisis
- British Airways said in May 2020 that it still plans on pressing ahead with 12,000 job cuts
- Oasis and Warehouse went into administration in May 2020, with 1,800 staff placed on furlough
- Shoe chain Aldo collapsed into administration in June 2020 with five stores permanently closed
- Victoria’s Secret plunged into administration in June 2020, putting 800 jobs at risk
- Fashion chain Quiz put its shop business into administration in June 2020, putting 82 stores at risk
- Pret a Manger is cutting 30 shops, putting 1,000 jobs at risk
- John Lewis is closing eight stores, with 1,300 jobs on the line
- Boots will shut 48 optician stores, putting more than 4,000 jobs at risk
Customers can also log into their online account on the Oak Furnitureland website, or contact the retailer directly, if they have any questions about their purchase.
Oak Furnitureland chief executive Alex Fisher said: “The current proposal to close some showrooms forms part of a company-wide review that we are undertaking as a business.
“We are committed to driving forward a plan for our future growth, and although this has been a difficult decision, it is the right one for the business in these uniquely challenging times.”
Oak Furnitureland isn’t the only retailer to suffer following the coronavirus outbreak.
Boots announced on July 9 that it was shutting 48 optician stores, putting 4,000 jobs at risk.
On the same day, John Lewis said it was closing eight stores, with 1,300 jobs on the line.
In addition, Pret a Manger is cutting 30 shops, putting 1,000 jobs at risk.