TGJones to close 150 stores
Analysis based on 11 articles · First reported May 06, 2026 · Last updated May 06, 2026
The announcement of store closures and job losses by T. G. Jones, a company formed from the acquisition of WHSmith stores by Modella Capital, indicates a negative trend in the retail sector. This event highlights the impact of weak consumer spending, rising operating costs, and geopolitical events on brick-and-mortar retailers, potentially signaling broader challenges for the industry.
T. G. Jones, a retail business formed after Modella Capital acquired 480 WHSmith stores and rebranded them, has announced significant restructuring plans. These plans may include the closure of up to 150 high street stores and hundreds of job losses. The company attributes these measures to a year of 'highly challenging trading conditions,' including weak consumer spending, cost-of-living pressures, rising operating costs due to government policy and geopolitical events, and a negative impact on consumer awareness from the forced name change from WHSmith. T. G. Jones emphasizes that the decision was not taken lightly and aims to preserve as many jobs as possible.
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