Fashion retailer launches huge closing down sale ahead of shutting store doors after 24 years

A MAJOR fashion retailer has launched a huge closing down sale ahead of shutting its doors after 24 years.

House of Fraser is pulling down the shutters on yet another one of its branches next month.

House of Fraser is hosting a huge closing down sale


House of Fraser is hosting a huge closing down saleCredit: AFP

The store at The Oracle shopping centre in Reading town centre will close for good on October 29.

The clothing store has occupied its space in The Oracle since it opened in 1999.

To mark the closing, a huge closing down sale has launched in store, according to the Reading Chronicle.

Shelves are already being emptied and some shoppers have managed to blag items for up to 50% off.

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If you live nearby, it’s worth popping in to see if there’s anything you can get your hands on.

Though do remember it’s only a bargain if you were planning on buying that item anyway.

House of Fraser was saved from collapse by billionaire businessman Mike Ashley back in 2018.

But while the deal saved the chain’s 59 stores and 17,000 workers who were facing the axe, a number of its stores have closed in recent years.

There are now only 30 department stores left in the UK.

It comes after its store in Solihull will closed on August 28, while its branch in Guildford will shut on Saturday, September 30.

In February, the chain turned its store in Birmingham into an outlet and closed its iconic store in the Howells building in Cardiff.

In January, it closed its department store in High Wycombe, two months after its store in Westfield Shepherd’s Bush closed for the last time.

Retailers have been feeling the pinch since the pandemic while shoppers are cutting back on spending due to soaring inflation.

High energy costs and a shift to shopping online after the pandemic are also taking a toll and many high street shops have struggled to keep going.

Brick and mortar stores have also seen a lack of footfall due to consumer habits switching to online shopping.

Wilko fell into administration August 10 and as a result, all of its stores will close for good.

Yesterday (September 19), 38 of its branches shut their doors.

And tomorrow (September 21), another 47 branches will close for good.

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Pub giant Wetherspoon has already closed dozens of boozers across the UK, including in Hove, Derby and London.

The chain, like many others, has been hit hard by rising costs brought on by high inflation.

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