Iceland will shut another five stores after closing more than half a dozen already this year

Grocery store big Iceland is to shut much more shops following a string of closures this yr.

The frozen meals specialist has already axed 11 outlets this yr as huge manufacturers look to chop prices amid rampant inflation and the price of dwelling disaster.

Now the finances chain has revealed it was be shutting down an extra 5 shops between now and September, bringing the overall closures to 16 in 2023.

Among the many newest to be axed is Iceland’s Cowdenbeath Excessive Avenue retailer in Fife, Scotland, will deliver down the shutters for good on Saturday, August 12, based on The Solar.

This shall be adopted by the retailers web site in Llanelli, Wales, on Saturday, September 2.

Then, on Saturday, September 16, Iceland’s retailer within the Market Buying Centre, Crewe will shut.

Additionally being chopped are the retailer’s websites in St David’s Place, Swansea, and Grange Highway, Birkenhead, that are closing on July 29 and September 16 respectively.

Iceland at present has about 500 shops throughout the UK.

However because the cost-of-living disaster continues to grip the nation, grocery store executives have been pressured to rein on spending.

This yr has already seen Iceland shutting outlets in Hitchin city centre and Beccles department in Suffolk, which closed on June 17.

Branches in Bromsgrove, Basingstoke and Rhyl have additionally closed for good, in addition to shops in Newport, Berwick and Hexham.

The grocery store, which has opened 200 shops within the final ten years, says any closures it makes are a part of its continuous evaluation of its operations.

Richard Walker, govt chairman of Iceland Meals, advised MailOnline: ‘Throughout Iceland and The Meals Warehouse now we have a portfolio of over UK 1,000 shops, and our retail property has grown by almost 200 shops during the last ten years.

‘We sometimes open greater than 20 new shops every year, creating many new jobs and contributing to the expansion of native economies.

‘On the similar time, we frequently evaluation the retail expertise provided to our prospects and have at all times made a small variety of retailer closures yearly, as native buying patterns change and store leases expire.

‘The enterprise is at present buying and selling very strongly, reaching file market shares.’

Quite a lot of main UK retailers and banks have closed excessive avenue branches in swathes to this point in 2023. Massive-name manufacturers together with Marks & Spencer , Boots and New Look have closed shops in 2023.

A number of retailers are additionally set to shut branches this month, together with Argos and Poundland.

Some branches shall be changed by new shops in several areas whereas others are set to go away the excessive avenue without end.

The information comes as analysis by the ONS suggests meals costs are falling extra slowly within the UK than most industrialised economies, primarily as a consequence of a reliance on meals imports.

The March price of meals worth inflation was 21.2 per cent in Germany, versus 19.1 per cent within the UK, 16.9 per cent in France, 13.2 per cent in Italy, 9.7 per cent in Canada, 8.3 per cent within the USA and eight per cent in Japan.

Iceland retailer closures this yr

Mill Lane, Bromsgrove – closed on February 25

Chineham Buying Centre in Basingstoke – closed on February 25

White Rose Centre, Rhyl – closed on March 14

South Avenue, Newport, Isle of Wight – closed on March 25

St Catherine’s Place, Bedminster, Bristol – closed on March 25

Deiniol Centre, Bangor – closed on March 27

Newport, South Wales – closed on April 22

Marygate, Berwick- closed on April 22

Flint, Wales – closed on Could 27

Hitchin, North Hertfordshire – closed on June 10

Beccles, Suffolk – closed on June 17

Swansea, Wales – closing on July 29

Cowdenbeath, Fife – closing August 12

Llanelli, South Wales – closing September 2

Crewe, Cheshire – closing September 16

Birkenhead, Merseyside – closing September 26

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