A MAJOR high street retailer will begin closing stores within days.
All 170 M&Co stores will close forever and some stores have already confirmed when they will close their doors for good.
It comes after the retailer, formerly called Mackay’s, fell under administration in December 2022 for the second time in two years.
Teneo administrators are putting the bankrupt company up for sale with an auction deadline for interested buyers.
The M&Co brand and intellectual property were sold to Yours Clothing, but the stores have not and will not close.
The Sun can now reveal the exact dates when various stores will stop trading.
The M&Co stores in Wick and Fort William will close for good on Saturday, March 25.
The closures have been confirmed on both stores’ Facebook pages.
M&Co’s Wick Facebook page said: “The day we’ve all been waiting for has finally arrived and we can now confirm that the last day of trading for our Wick branch will be Saturday 25th March.
“We won’t be receiving any more new stock in store, so hurry and grab your favorite items before they’re gone!
“We would like to thank you for your support during our administration and hope to see you all in store before we say goodbye.”
Another closure will take place before the end of the month, when M&Co’s Thurso store will close to customers for the last time on Tuesday, March 28.
Six other M&Co stores will then close their shutters forever on Saturday, April 1:
- Lewes
- Go exercise
- Belper
- Beccles
- Newquay
- Lerwick
Karen, store manager at M&Co’s Gosport store, wrote on the store’s Facebook page: “It is with great sadness that I can now announce that our last day of trading in M&CO Gosport will be Saturday 1st April 2023.
“We will certainly miss each of our many lovely customers that we have gained over so many years, many generations of customers have shopped with us.
“I want to thank all the kind and thoughtful things our customers have said to us since they discovered we were administrative last December.
“We have great deals in store so don’t be strangers… it moves fast… with too many fantastic bargains.
“Thank you from Karen and the Gosport team.”
Teneo, the manager of M&Co, said more stores will disappear from the high street as retail stock dries up.
But the manager would not give an exact date when he expects the brand to leave the high street completely.
M&Co has been slashing massive 30-60% off closing sales online and in stores in recent weeks to help reduce remaining stock.
Shoppers must act quickly to take advantage of the discounts because once the items are sold, they are gone forever.
And remember that you may find that your nearest store doesn’t have what you want in stock.
You can find your nearest M&Co store by visiting the retailer’s website and using the store locator.
If you order items directly from the M&Co website, a delivery charge of £3.50 will be applied to any order priced under £50.
And if you choose click and collect, it’s £2 for orders under £20 and free after that.
We have listed all M&Co stores that are expected to close in the coming months.
M&Co is not the only store that goes bankrupt and closes its shop doors.
Stationery retailer Paperchase plunged into administration this week after it failed to find a buyer.
Supermarket giant Tesco quickly stepped up to buy rights to the brand as they plan to sell Paperchase items in stores.
When a company is liquidated, they will try to sell as many shares as possible to pay back creditors.
Shops can disappear from the high street in a matter of weeks, but the process can take up to two months.
The large hamburger chain Byron Burger also recently fell under receivership and will close nine restaurants immediately.
If you land a bargain from M&Co during the sale, it’s important that you know your refund rights.
We’ve also listed all the stores and supermarkets closing stores at the end of this month.