Huge budget fashion retailer that shut over 200 stores after administration starts opening new branches
A major fashion chain that collapsed into administration in 2020 and shut half of its 400 stores is reopening a string of new branches.
According to job advertisements on Indeed and the government jobs website, Peacocks is set to open seven new stores in the near future.
It has also recently opened four shops around the UK, according to its website, taking the total number of new branches to 11.
The huge fashion chain fell into administration in November 2020 after the pandemic shut high streets.
In April 2021, 200 of its over 420 stores were saved when it was bought out of administration by an international investment consortium, but 200 stores sadly closed.
However, it has been slowly reappearing on high streets around the country and has built back up to around 350 stores, according to its LinkedIn page.
We now understand the following stores are set to open in the near future, although exact opening dates are yet to be confirmed:
- Inverurie
- Marple
- Winchester
- Bexhill
- Street
- Penarth
- Ripon
And the following stores have recently opened:
- Oban
- Brighouse
- Sidmouth
- Saffron Walden
The Sun has contacted Peacocks for more information and we will update when we hear back.
The high street has struggled over the last few years due to rising costs forcing households to cut back and a shift towards online shopping.
Beloved homeware chain Wilko is in the process of closing its 400 shops after it collapsed into administration in August.
But this year, several major retailers and bakeries have started reappearing around the country.
The Sun recently revealed discount retailer Costco is planning a huge expansion in the UK with 14 more warehouse stores set to open over the next two years.
Last week we reported Bonmarche is opening at least seven new stores after filing for administration in 2019.
We also revealed once-huge bakery chain Patisserie Valerie, which also collapsed into administration and closed most of its stores, has started reopening branches.
Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.
You can also join our new Sun Money Facebook group to share stories and tips and engage with the consumer team and other group members.