Iceland supermarket closures
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Iceland supermarket closures Store Closures and Strategic Shifts In recent years, Iceland has closed several stores across the UK, including locations in Bromsgrove, Basingstoke, Rhyl, Newport (Isle of Wight), and Bedminster. The most recent closure was the Welling store in London on February 1, 2025. These closures are attributed to rising operational costs, such as a £20 million increase in energy bills, and changing consumer shopping habits, including a shift towards online shopping. Expansion of The Food Warehouse In contrast to these closures, Iceland is investing heavily in its Food Warehouse format. Launched in 2014, The Food Warehouse stores are typically located in retail parks and are about three times the size of traditional Iceland shops. They offer a broader range of products, including bulk-buy options and exclusive brands like TGI Fridays, Greggs, and MyProtein As of 2025, Iceland plans to open up to 250 new Food Warehouse stores across the UK, effectively...