The fashion retailer Animal are to close down all of its stores permanently and will cease to operate as a business by next year, marking the latest blow to the retail sector amid the pandemic.
“As a result of the extremely challenging retail market which has now further worsened due to Covid-19, H Young announces it will be closing its Animal business by the end of January 2021,” H Young said in a statement.
“This will obviously be a very sad announcement for all Animal’s hardworking employees and its loyal customers. ln this period Animal will continue trading through its stores and its website and its clothing will also be available through its distributors. Finally we would like to thank everyone for all their support over these many years.”
“Over that period, the business has been loss making. This is clearly not a sustainable position. The group has considered the full range of options for Animal to remain in the group, including the use of third party warehousing, relocation to smaller premises and an absorption into other group businesses. None of the business plans for these various options has been compelling enough to justify the investment required by the group.
