Cancer Research UK to Close 190 Shops Nationwide in Major Restructuring
Major UK retail chain shutting 190 shops in 'first wave' of closures - full list
Birmingham Live
Image: Birmingham Live
Cancer Research UK is set to close 190 stores across the UK in a significant restructuring effort. This includes approximately 90 closures by May 2024 and an additional 100 by April 2027, leaving only 320 high-performing locations operational. CEO Michelle Mitchell emphasizes the necessity of these changes to maintain profitability.
- 01Cancer Research UK will close 190 stores in total.
- 02Approximately 90 shops are expected to close by the end of May 2024.
- 03An additional 100 closures are planned by April 2027.
- 04Only 320 high-performing stores will remain operational post-closures.
- 05CEO Michelle Mitchell highlights the need for these changes to ensure profitability.
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Cancer Research UK has announced a major restructuring plan that involves the closure of 190 stores across the United Kingdom. The charity will close approximately 90 shops by the end of May 2024, followed by an additional 100 closures by April 2027. This decision comes as part of an effort to focus on 320 remaining high-performing locations. Michelle Mitchell, the CEO of Cancer Research UK, stated that without these changes, many shops would become unprofitable. The charity has emphasized the critical role retail has played in its mission, contributing over £225 million to its cause over the past decade. The organization is committed to supporting all employees affected by these changes and will provide necessary information and assistance throughout the process.
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The closures will affect employees and volunteers at the affected stores, as well as communities that rely on Cancer Research UK's retail presence for fundraising.
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