Internal restructuring
United Kingdom
Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

500 jobs
Number of planned job losses
Job loss
Announcement Date
19 July 2016
Employment effect (start)
Foreseen end date


Clothing retailer Store 21 has announced that it is to cut 500 jobs as part of a restructure aimed at securing the long-term future of the company.  The deal which was agreed will see 77 stores close, though this will secure 1,200 full time positions. Lower rents have been agreed on the 100 stores which will remain. The sites which are due for closure were not thought to be viable even if rents had been reduced. The timescale for the store closures has yet to be reported.


  • 19 July 2016: BBC Website


Eurofound (2016), Store 21, Internal restructuring in United Kingdom, factsheet number 88327, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88327.