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TG Jones may close 80 stores and cut 100 jobs due to weak sales and shifting shopping habits.
TG Jones, the rebranded former WH Smith high street chain, may close up to 80 stores and cut around 100 jobs as part of a restructuring effort led by owner Modella Capital.
The company, which acquired the business for £76 million in 2025, is working with advisers Teneo amid weak trading, declining foot traffic, and shifting consumer habits.
While no final decisions have been made, store closures are under consideration, delayed by a 12-month restriction on closures.
Modella has previously placed Claire’s Accessories and The Original Factory Shop into administration, affecting thousands of jobs.
The situation reflects broader struggles in the UK high street, including rising costs and competition from cheaper retailers.
TG Jones puede cerrar 80 tiendas y recortar 100 puestos de trabajo debido a las bajas ventas y a los cambios en los hábitos de compra.