The three remaining stores reopened on 12 April. The lease on its Regent Street Premises had been given up in March. Brooks Brothers UK Division went into administration in mid-April.The business suffered along with other fashion companies from a covid-related slump in demand and someone to buy the business could not be found. The Amanda Wakely ecommerce store is still trading. Its flagshop store in Mayfair and concessions in several upmarket stores have already been closed. Amanda Wakeley, the fashion designer T/A AW Retail Ltd, went into administration in mid-May 2021.Initially it opened stores in the areas around Manchester, Bristol and London, announcing plans for a rapid expansion to 'hundreds of store' selling 'combustibe cigarette alternatives' some time before the pandemic hit Britain.
Philip Morris International launched the chain in 2016. A number of agency staff have already been made redundant. It is understood that the business has failed to achieve its growth targets, although the merchandise is still available online and in other stockists.
Three remaining stores (Preston, Sheffield and Warrington) were closed permanently in September 2021 and nine stores have been reopened (Hull, Leeds, Lincoln, Stoke, Tamworth, Newcastle-u-Tyne, Kidderminster and Hucknall). Since then it has been badly hit by the coronavirus lockdown of UK retailing, because November and December sales comprised a large percentage of its profits. The company (including the IP) has been acquired by Bargain Buys, part of Poundstrecher. InY/E 2019, the business lost almost £3m on sales of £64m. There are 500 staff, who were made redundant immediately. The business was in the process of being sold, but when the potential buyer withdrew, the company went into administration. JTF Mega Discount Warehouse, a membership-driven discount chain operating 12 large non-food warehouses in the Midlands and North of England, went into administration in July 2021.Part of the assets has been sold to Musical Options Ltd (which relaunched Dawsons Music last year), including a warehouse along with 18 staff and the online operations. Supply difficulties over summer also hastened the company's administration. The reason for the current administration is of course the impact of the pandemic on closing non-essential stores, reducing shopper footfall, cutting sales of musical instruments to professionals and amateurs as it was impossible to play in public, and the collapse of Christmas sales. Forty-eight people are being made redundant. Five shops are to close (Manchester, Liverpool, Leeds, Reading, Belfast), with Chester as the sole remaining store. Dawsons Music, one of the oldest UK musical instrument shops (founded 1898), has gone into administration again after being relaunched last year.The equivalent figures last year were 36.9% and 20.6% respectively, So far of the stores' at risk', 53% have been closed and 43.7% of 'at risk' staff have been made redundant. The yearly totals in the Table above are intended to show the main trends applying to UK retailing, from relatively benign years where few companies go bust to perfectly horrid years like this one and 2020. Please Note: the figures given above for every year refer ONLY to UK failures and ONLY to UK retail businesses - so not to American business and not to restaurants, cafes and food services.
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