Connect with us

Hi, what are you looking for?

Economy

24-year-old charity giant quietly closes 190 stores

In the United Kingdom, the term “high street” refers to the main shopping and commercial thoroughfare in a given city.

More specific than the American term “Main Street,” “high street stores” are national brands that are household names within the country and can be found in any British city.

Some examples of “high street brands” in the U.K. include Marks and Spencer, Next, John Lewis, Jigsaw, and Reiss.

Cancer Research UK closing 190 stores across country by April 2027

Founded in 2002 as a charity through the merger of the older The Cancer Research Campaign and the Imperial Cancer Research Fund, Cancer Research UK is a chain of charity shops selling pre-owned clothing, books, technology, and other specialty items to raise money for cancer research.

For the 2025-2026 fiscal year, Cancer Research UK reported raising £696 million (approximately $941 million USD), the majority from donations and £140 million from various trading activities.

Related: Another travel agency shuts down after 19 years

As the agency first shared last year and is now implementing, Cancer Research UK is set to close, by April 2027, two of three major warehouses in the London and Liverpool suburbs of Fleet and Warrington. It will also shutter 190 of the stores where pre-owned items are sold for charity, The Sun reported.

While the organization at its peak had more than 500 operating stores across the U.K., only 390 are expected to remain open following the closures.

According to a statement from Cancer Research UK cited by The Sun, the closures are part of the charity’s aims to restructure its business and pivot its primary focus toward research.

Cancer Research UK stores could once be found in any city in the country.

whitemay / Getty Images

“Without action, many of our shops will become unprofitable”

“This provision includes £5.6 million in respect of retail shops that are planned to close, as well as the closure of the warehouse that supported the sale of goods through online retail platforms,” Cancer Research UK wrote in its annual report.

“[…] The provision is expected to be utilised [British spelling] within the next one to two years, subject to negotiations with landlords.”

Cancer Research UK CEO Michelle Mitchell previously said that “without action, we predict many of our shops will become unprofitable.”

More Travel And Retail News:

The agency confirmed that it intends to continue expanding the larger superstores that it has been opening outside of major cities since 2021. There are currently 12 operating across the country.

The exact store locations set for closure have not yet been confirmed, but the shutdowns have been quietly rolling out throughout 2026 and will continue into 2027.

Other major British charity chains that were once a major high street presence, including Oxfam and the British Heart Foundation, have also been closing dozens of smaller locations across the country over the last two years, while prioritizing warehouses and larger, most profitable locations, The Guardian confirmed.

Related: 40-year-old corner store chain closing all locations

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Business Insider

Second only to LATAM and Avianca as the biggest airline in South America by total passengers carried, Brazilian low-cost carrier GOL Linhas Aéreas has had...

Business Insider

Jim Cramer’s opinion on VF Corp has shifted. The CNBC host said investors should buy VF Corp (VFC), the owner of Vans, The North...

Business Insider

I bought a PlayStation 5 a few years ago,  and I figured I’d eventually need more storage, especially when games like Grand Theft Auto...

Business Insider

In 2010, three engineering graduates were traveling through Indonesia to celebrate finishing school, and they decided to build a company together. That first company,...

Business Insider

Anthropic is producing the kind of growth that would normally make Wall Street salivate. Investors continue to lower their estimates of the artificial intelligence...

Business Insider

Prior to the ongoing wave of instability through much of the Middle East set off by the U.S.-Israeli strike on Iran in February 2026,...

You May Also Like

Investor Strategy

The consensus story about Samsung Electronics is that you buy it for the memory supercycle. That story is incomplete, and the part everyone is...

Investor Strategy

SK Hynix is not trading at seven times earnings, whatever the screen says. The Korean memory maker closed at ₩1,678,000 on 25 August 2026,...

Business Insider

Every country that builds things eventually faces the same question about a cheaper foreign rival, and there are only two honest answers to it....

Investor Strategy

Almost every summary of X-Energy you will read says the company reached the public market through the Ares Acquisition Corporation II blank-cheque vehicle. It...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2026 respectinvestment.com | All Rights Reserved