HERE is the full list of shops closing down so far in 2025 – including Lidl and Ted Baker.
Shoppers have faced lots of closures in recent years as many favourite chains have closed branches.
Bankruptcy in the retail sector spiked in the third quarter of 2024, with business advisory PwC warning of more to come in early 2025 due to ongoing pressures.
According to PwC’s latest insolvency barometer, retail now makes up a quarter of all insolvencies this year, with 76 businesses going under in the last three months of 2024.
In total, PwC reported 661 insolvencies across all sectors in the first nine months of the year, marking a 35 per cent rise from 2023 and an 86 per cent increase compared to 2022.
This included many high street shops such as Ted Baker – which closed all seven outlets in Ireland last year including on Grafton Street and in Arnott’s in Dublin.
It also ran shops in Blanchardstown, Cork, Galway, Limerick and Kildare.
In August of last year, restaurant and nightspot Ukiyo joined three Dylan McGrath-owned businesses in a tiny part of Dublin city closed its doors.
This included the long-standing Rustic Stone, Brasserie Sixty-Six and Bonsai Bar, all of which 50 metres away from each other in Dublin 1.
And the Irish restaurant chain Tolteca closed all its stores earlier lasy year, with branches in Dublin‘s Baggot Street, Suffolk Street, Rathmines and Montrose.
Already in 2025, shoppers in Cork have been left confused after a major supermarket chain placed a sudden closure notice on the door.
The handy Lidl on Cornmarket Street in the county’s city centre placed the banner just days ago.
It announces that the shop will be closing it’s doors tomorrow on Friday, January 3.
And it advised shoppers to head to Wilton, Churchfield, or Tougher for “the same great value”.
The Lidl was inside a small shopping centre which had a discount chemist, Chemist Warehouse, as well as a TK Maxx.
Despite some stability, hospitality is still one of the hardest-hit sectors, with an annual insolvency rate of 58 per 10,000 businesses—double that of retail, which stands at 27 per 10,000.
PwC found that, over the past 21 months, the average liabilities left behind by liquidated hospitality companies were around €380,000.
‘Significant challenges ahead’
The report also warned that hospitality insolvencies are expected to spike sharply in the first quarter of 2025.
Ken Tyrrell, business recovery partner at PwC Ireland, said that smaller businesses, in particular, will face significant challenges in the months to come.
He said: “With the increasing cost of doing business in Ireland we continue to see insolvencies rise in recent years from historic lows.
“Both the hospitality and retail sectors are showing signs of stress, and will be hoping for a busy trading period in the run-up to Christmas, a traditionally very important time of year for both sectors”.