High Street Closures: What to Do If Your Job Is At Risk

Hundreds of jobs are hanging in the balance as major high street names announce closures across the UK. If you work in retail or banking, or simply rely on your local branches and shops, it’s worth understanding what’s happening—and what support is available if the worst happens.

Fashion retailer Quiz is closing all remaining stores by July 2026 after entering administration for the second time in a year. Morrisons is shutting around 100 of its Daily convenience stores, which have lost money consistently despite rescue efforts following the McColl’s collapse in 2022. On top of that, Lloyds Banking Group is closing 34 branches between June and October 2026, with locations including London Whitechapel, Bristol Fishponds, and Blackpool affected.

The closures mean job losses for staff across these businesses. If you’re affected, know your rights: you’re entitled to proper notice, redundancy pay (if you’ve been there two years or more), and help finding new work. Check your contract for notice periods, and ask your employer about redundancy packages and retraining support.

Don’t panic about losing access to banking services. Lloyds says most affected branches have an alternative location within five miles, and you can use the Post Office, PayPoint, and mobile banking apps instead. If you’re worried about managing your money without a local branch, speak to your bank about online and telephone services.

If redundancy hits, you may be entitled to Jobseeker’s Allowance or Universal Credit while you look for work. Contact your local Jobcentre Plus within two weeks of losing your job—don’t delay, as there can be waiting periods. You can apply online at gov.uk/universal-credit or call them for support.

For practical redundancy advice, visit ACAS (acas.org.uk) for free, impartial guidance on your rights and entitlements. If money becomes tight after job loss, charities like StepChange offer free debt advice.

The high street is changing fast, but support is out there. Act quickly if your job is at risk, get professional advice, and remember—redundancy doesn’t define your next move.