Thorntons have announced that they can only sustain between 180 and 200 stores forcing the closure of a minimum of 120 stores over three years, taking advantage of the lease expiry profile, at a total cost of £4.2 – £4.8 million.
They also intend to explore opportunities to close up to a further 60 stores over the same period and may re-site or open stores in the UK’s top 100 retail locations if opportunities arise and if the potential is confirmed.
There have been no announcement over the specific stores to be closed and if Harrogate’s store will remain open.
