![](\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/11\/jack-wills-shop-front-located-820683241.jpg\")
<\/p>\nA POPULAR high street fashion label has launched a "shock" closing down sale.<\/p>\n
Jack Wills has launched a clearance sale in its store on Forth Street in Taunton.<\/p>\n
<\/p>\n
Shoppers have spotted closing down signs in the store's windows, with a sale of 20% off all items now in effect.<\/p>\n
They read: "Closing Down. 20% off full price."<\/p>\n
Staff at the Taunton store were unable to comment on the matter, according to Somerset County Gazette.<\/p>\n
The Sun approached Frasers Group, owner of Jack Wills, for comment.<\/p>\n
Jack Wills pulled the shutters down on its last Scottish store on Bell Street in St Andrews in October.<\/p>\n It comes after Jack Will's was bought out by Mike Ashley's\u00a0Sports Direct, part of the Frasers Group, in August 2019.<\/p>\n The billionaire put in a \u00a312.75m bid for the ailing\u00a0business, which at the time had 110 stores across the UK and\u00a0Ireland.<\/p>\n It was founded in 1999 as a single shop in\u00a0Devon\u00a0and its clothes became popular in the mid-2000s.<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n But it lost its appeal in the years that followed as sixth-formers and university students turned to grungier styles.<\/p>\n In March 2020, it announced it would permanently close nine stores, just days after revealing five would shut.<\/p>\n Branches in Abersock, Aldeburgh, Dartmouth, St Ives and Rushden Lakes were all impacted.<\/p>\n The St Andrews store was also earmarked for closure, however a lease agreement was agreed with the landlord which saved the store.<\/p>\n House of Fraser, owned by The Fraser Group, has also announced closures in recent months.<\/p>\n The branch in Solihull closed on August 28 while its Guildford store is set to shut on September 30.<\/p>\n And in May this year, Mike Ashley's Frasers Group threatened to axe 200 jobs in a bid to cut costs across the\u00a0business.<\/p>\n The\u00a0cost of living\u00a0crisis, stubbornly high\u00a0inflation\u00a0and\u00a0energy\u00a0costs are taking their toll on retailers.<\/p>\n Shoppers have been cutting back spending, while the cost of actually running a store has also increased, meaning some outlets have struggled to keep going.<\/p>\n Figures from the\u00a0British Retail Consortium\u00a0(BRC) this\u00a0summer\u00a0found the UK had lost 6,000 stores over a five-year period.<\/p>\n Several major brands have also collapsed and closed stores for good.<\/p>\n Wilko's fall in August marked the biggest British\u00a0retail\u00a0collapse since\u00a0McColl's plunged into administration in May last year.<\/p>\n Paperchase collapsed into administration\u00a0at the end of January this year and all 106 stores\u00a0closed for good.<\/p>\n Scottish clothing brand\u00a0M&Co\u00a0and wellies retailer\u00a0Joules\u00a0were among a host of other familiar brands that went bust in 2022.<\/p>\n But shoppers still have reason to be cheerful as other retailers are actually expanding this year.<\/p>\n The Sun recently revealed\u00a0discount retailer Costco\u00a0is expanding in the UK and is planning to open 14 more warehouses over the\u00a0next\u00a0two years.<\/p>\n Bonmarche is opening\u00a0at least seven new stores after filing for administration in 2019, while The White Company is due to open new stores in October and November.<\/p>\n Once-huge bakery chain\u00a0Patisserie Valerie, which also collapsed into administration and closed most of its stores, has started reopening branches, as revealed by the Sun.<\/p>\n![](\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/11\/marks-spencer-retail-outlet-fenchurch-840952372-1.jpg\")
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Most read in Money<\/h2>\n
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Why are retailers closing branches?<\/h2>\n
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