Back from the dead: Shuttered retail giants in bid for high street revival

Can there be a second act in bricks and mortar or are failed brands postponing the inevitable?

A liquidation sale at Aldo’s outlet on Dublin’s Henry Street last Christmas - now the brand is back with two Irish stores re-opening. Photograph: Gareth Chaney/Collins

A liquidation sale at Aldo’s outlet on Dublin’s Henry Street last Christmas - now the brand is back with two Irish stores re-opening. Photograph: Gareth Chaney/Collins

While there may be no second acts for us mere mortals, for a host of well-known retail brands, closing down and reopening – often in a different format – has become a trend. But will such an approach revive failed brands – or is it merely postponing the inevitable?

Consider Aldo. Last year, the Irish and UK arms of the Canadian shoe brand sought creditor protection after the pandemic hit its business hard, resulting in an effective exit from the Irish market, with the closure of four stores and its ecommerce site. Now the brand is back in business, having been acquired by Birmingham-based firm Bushell Investment Group (BIG).

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