A major UK fashion retailer has confirmed plans to close 15 stores in another blow to consumers.
Leading Labels is entering liquidation following the appointment of a liquidator on 26 May.
The chain, which sells discounted clothing from brands such as Calvin Klein, Wrangler, Elle, and Joules, has launched clearance sales at its locations with "Everything Must Go" signage now displayed.
Jeremy Bleazard, a representative of XL Business Solutions Limited, has been appointed to oversee the liquidation process.
Leading Labels has entered liquidation
|LEADING LABELS / X
The retailer operates large premises offering men's and women's fashion at reduced prices, positioning itself as an outlet destination for well-known labels.
Earlier this year, the company's financial difficulties became apparent earlier this year when it received a Gazette notice on March 10.
The notice warned that the business faced being struck off the register and dissolved unless cause was shown to the contrary within two months.
Notably, this was not the first time Leading Labels had received such a warning, with director information having been amended on multiple occasions since.
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Are you worried about high street store closures? | GETTY Based on figures from the Companies House, the retailer has outstanding accounts that were due by November 30, 2025.
At the Ipswich branch, which opened in 2022 in the former TopShop and TopMan building, staff told the East Anglian Daily Times they remained uncertain about when the store would permanently close or the reasons behind the shutdown.
The collapse of Leading Labels comes amid a broader wave of difficulties facing fashion retailers across the UK.
Quiz, another well-known British fashion chain, is also shutting down its remaining 37 stores this month after falling into administration for the second time in little more than a year.
The high street has been hit with store closures in recent months. | PAThe brand had previously entered administration in February 2025 but was swiftly acquired, allowing it to continue trading temporarily.
Richard Hunt, the director at Liquidation Centre, said: "The current economic climate poses increasing risks to businesses, especially those in the retail sector.
"It is much easier to lose customers than to retain them, which is why regular market research and competitor analysis are so essential. Staying ahead of the curve as conditions evolve is critical to long-term survival.
“The broader context of the high street matters too, as the UK retail sector has been hit hard by rising rents, increasing business rates, and declining foot traffic."