14.08.2026 08:41
The wave of crisis long felt in the UK retail sector has also brought an end to the famous clothing brand Hip. Following decisions by giant chains such as Poundland and River Island to downsize and close stores, Hip has also decided to completely end its presence in the market. Before its farewell, the company launched a massive discount campaign of up to 90 percent to clear its stock.
Unable to endure months of financial hardship, clothing chain Hip took a radical step and accelerated its closure process. Company officials shared the grim picture with the public, stating that the brand could no longer sustain its operations after prolonged economic difficulties.
PHYSICAL STORES CLOSED
As part of its exit plan, the famous chain pressed the button and initially ceased operations at its physical stores in Manchester and Leeds. With this decision, the stores in those cities have been completely vacated.
DIGITAL FAREWELL WILL ALSO TAKE PLACE
The company's decision was not limited to street retail. Following the closure of physical stores, all digital platforms and the online sales network where the company operates will also be shut down shortly. Thus, the brand's presence in the market will be completely terminated.
HISTORIC DISCOUNT TO CLEAR INVENTORY
Before fully withdrawing from the market, the company, wanting to clear the massive inventory in its warehouses, launched a historic discount campaign on its website. Reducing prices by 80 to 90 percent in its product catalog, Hip aims to convert its remaining products into cash and zero out its inventory with this massive discount.