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Ann Harvey to shutter 20 stores in property review Friday, 2nd December 2011
Irisa, the retailer formerly known as Alexon, is to close almost a third of its standalone stores over the next four months, replacing them with concessions as part of a store alignment strategy.
The retail group will close around 20 of its 68 stores after being bought out of administration by private equity firm Sun European in September.
The group’s Ann Harvey chain will bear the brunt of the closures, which will take place between December and March. According to chief executive Jane McNally, Ann Harvey will suffer the most closures as its customers prefer to shop online.
The next twelve months will see Irisa open 31 concessions for its brands in department stores including Debenhams, House of Fraser, Beales and Fenwicks, increasing the group’s total number of concessions to 1,090.
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Posted in fashion Tagged alexon, irisa, ann harvey, kaliko, womenswear, jane mcnally, close, store, retail, group
