Next confirms plans to close 11 shops in another hit to the high street

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Next confirms plans to close 11 shops in another hit to the high street
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The retailer has not yet revealed the dates or locations of the stores that are due to be closed.

Next confirms that it plans to close another 11 stores this year, although the dates and locations have not yet been revealed.

A Next trading update released today reads: "We expect to close 11 mainline stores this year. Six closures are in locations where we forecast that the store would not achieve our target margin on almost any terms; two closures are due to the site being redeveloped; three further closures are as a result of being unable to agree acceptable new terms with landlords.

Latest shopping news One of the latest closures has been Wilko, with the homeware and hardware retailer filing for bankruptcy in August. Administrators PricewaterhouseCoopers were unable to find a buyer, leading to hundreds of store closures and thousands of job losses in the past few weeks alone.

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