A GLOBAL sports band has announced the shock closure of one of its stores in a busy Scottish shopping centre.
Lids is located on the upper level of Braehead Shopping Centre in Renfrewshire.
Lids annouced the shock closre of one of it’s stores[/caption]
the shop was located in Braehead Shopping Centre[/caption]
But signs appeared in the shop window this week announcing its closure.
The huge retailer is known as being “the world’s largest sports retailer” which specialises in selling officially licensed and branded headwear.
The popular brand sells comfortable hats covering several US college, MLB, NBA, NFL and NHL teams as well as other branded items.
Shoppers can also buy branded t-shirts, tops, hoodies and sweatshirts from stores.
The popular brand currently has over 1,000 stores across the globe.
Due to unforeseen circumstances Lids Braehead has closed. We are sorry for any inconvenience this has caused
Signs on Lids shop window
The store at Braehead officially opened its doors back in August 2022 and was the brand’s first location in Scotland.
And now just shy of three years later staff have announced that it has now pulled the shutters down for the final time.
The reason for the shock closure is currently unknown.
And bosses have said that it has been forced to close due to “unforeseen circumstances”.
A large sign was put up on the shopfront windows sharing the sad news with shoppers.
It said: “Due to unforeseen circumstances Lids Braehead has closed.
“We are sorry for any inconvenience this has caused.
“Thanks. The Lids team.”
It comes after Braehead Shopping Centre saw a number of its stores shut for good last year.
In June 2024, clothing retailer Scotts closed and signs were put up on the window in front of mannequins.
The brand sells both men‘s and women‘s clothing as well as shoes and accessories, and it is known for stocking brands such as Fred Perry, Lacoste, Calvin Klein and BOSS.
A number of stores have seen huge renovations as bosses carried out upgrades at the centre.
Why are retailers closing stores?
RETAILERS have been feeling the squeeze since the pandemic, while shoppers are cutting back on spending due to the soaring cost of living crisis.
High energy costs and a move to shopping online after the pandemic are also taking a toll, and many high street shops have struggled to keep going.
The high street has seen a whole raft of closures over the past year, and more are coming.
The number of jobs lost in British retail dropped last year, but 120,000 people still lost their employment, figures have suggested.
Figures from the Centre for Retail Research revealed that 10,494 shops closed for the last time during 2023, and 119,405 jobs were lost in the sector.
It was fewer shops than had been lost for several years, and a reduction from 151,641 jobs lost in 2022.
The centre’s director, Professor Joshua Bamfield, said the improvement is “less bad” than good.
Although there were some big-name losses from the high street, including Wilko, many large companies had already gone bust before 2022, the centre said, such as Topshop owner Arcadia, Jessops and Debenhams.
“The cost-of-living crisis, inflation and increases in interest rates have led many consumers to tighten their belts, reducing retail spend,” Prof Bamfield said.
“Retailers themselves have suffered increasing energy and occupancy costs, staff shortages and falling demand that have made rebuilding profits after extensive store closures during the pandemic exceptionally difficult.”
Alongside Wilko, which employed around 12,000 people when it collapsed, 2023’s biggest failures included Paperchase, Cath Kidston, Planet Organic and Tile Giant.
The Centre for Retail Research said most stores were closed because companies were trying to reorganise and cut costs rather than the business failing.
However, experts have warned there will likely be more failures this year as consumers keep their belts tight and borrowing costs soar for businesses.
The Body Shop and Ted Baker are the biggest names to have already collapsed into administration this year.
Health retailer Holland & Barrett expanded into a bigger unit in May 2024 in a bid to give customers a “better wellness experience”.
Lingerie store Ann Summers also closed for a few weeks as works got underway to give the space a more modern feel.
It opened again back in March after alterations were made to reflect the brand’s newer look.
Greggs also closed after bosses made changes to the internal layout of the popular bakery’s unit.
Additional seating areas were added to allow customers to have the option to sit and enjoy their baked goods while shopping.
Jewellery store Beaverbrooks also closed for the same reason last year.
Signs annoucing the closure were put up on the shop’s windows[/caption]
