Beauty

The Body Shop is closing 100 stores

The Body Shop, a once-thriving retailer known for its ethical stance and natural products, is closing down most of its stores due to a series of financial challenges.

The Body Shop is closing 100 stores
Beauty

The Body Shop is closing 100 stores

The Body Shop, Oshawa Centre (CNW Group/The Body Shop)

The Body Shop, a once-thriving retailer known for its ethical stance and natural products, is closing down most of its stores due to a series of financial challenges. The company has been grappling with declining profitability over recent years, which led administrators to conclude that the current store portfolio mix was no longer viable. This decision comes after the UK business of The Body Shop slid into a £71 million loss in 2022, with its turnover dropping by almost a fifth, indicating significant financial distress.

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