Ted Baker to Close All UK Stores

The UK high street is witnessing a wave of store closures due to rising costs and financial difficulties. Diva, a low-cost womenswear store in Watford, will shut its doors on August 2, joining other retailers like Wilko and Paperchase in ceasing operations. Ted Baker is also facing significant challenges, with administrators planning to close all UK stores within three weeks, impacting nearly 1,000 jobs. The shift towards online shopping and changing consumer behaviors are pivotal factors influencing these developments. Amid these closures, some businesses like Heineken and Aldi have announced expansion plans, signaling mixed fortunes for the retail sector.