Major stationery retailer with 107 branches to shut store in weeks as up to 50% off closing down sale launched
SHOPPERS have been left gutted as a popular branch of a high street stationary store is due to close its doors for good within weeks.
The bright and bubbly stationery brand, known for its rainbow-coloured pens, lunch boxes and backpacks, is set to close its Eastgate Shopping Centre store in Inverness.
A staff member at the store told The Sun that the branch is due to close its doors for good on May 21.
Shoppers say they’re “sad” to see the branch go, with parents and children flocking in to snap up final bargains as everything in store is now on sale at 50% off.
It is understood that the shop is closing because its lease has expired and Smiggle has chosen not to renew it.
A worker told the Press and Journal: “We may close earlier if everything is sold out before then.
“Looking at how many people have been coming, this may happen.”
The closure is the latest blow for Inverness’s high street, with shoppers saying rising rent and business rates are to blame.
Smiggle – which launched in Australia in 2003 – arrived in the UK in 2014 and quickly became a favourite among school-age kids thanks to its fun, colourful ranges.
The major stationary retailer currently has 107 branches in the UK.
Its shops, though small, are packed with eye-catching products including notebooks, pencil cases, water bottles, lunch boxes, diaries and even headphones and speakers.
The Inverness branch has been open for several years and was a firm favourite for families, especially during the back-to-school season.
The news comes just days after a beloved toy and bike store announced its closure after 160 years in business.
The 84-year-old owner revealed that the cost of living crisis has led to a reduction in sales and to the costs of running the business skyrocketing.
Both independent and industry giants have been struggling with rising costs and reduced footfall over the past few years.
Dozens of shops are set to close across the country before the end of the month in the latest blow to UK high streets.
Just a couple of months in to 2025 and it’s already proving to be another tough year for many major brands.
Rising living costs – which mean shoppers have less cash to burn – and an increase in online shopping has battered retail in recent years.
In some cases, landlords are either unwilling or unable to invest in keeping shops open, further speeding up the closures.
Smiggle isn’t the only stationary shop shutting its doors, more WHSmiths stores are set to close this month.
The huge sports retailer, Sports Direct is axing its Newmarket Road store in Cambridge on April 18.
Whilst, Red Menswear in Chatham in Medway, Kent, shut for the final time on Saturday, March 29, after selling men’s clothing since 1999.
Last month, Essential Vintage told followers on social that it would be closing down after they had been “priced out” because of bigger players in the market such as Vinted.
Jewellery brand Beaverbrooks is also shutting three shops early this month.
New Look bosses made the decision to axe nearly 100 branches as they battle challenges linked to Autumn Budget tax changes.
Approximately a quarter of the retailer’s 364 stores are at risk when their leases expire.
This equates to about 91 stores, with a significant impact on New Look’s 8,000-strong workforce.
It’s understood the latest drive to accelerate closures is driven by the upcoming increase in National Insurance contributions for employers.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury's hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: “The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025.”
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
“By increasing both the costs of running stores and the costs on each consumer’s household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020.”