
200-year-old British department store is returning to the UK high street
Jolly's in Bath closed in February after 200 years - but it has now been confirmed that it will reopen in spring 2026
A British department store that closed down earlier this year is set to return to the high street - and shoppers have praised the "wonderful" news.
Jolly's in Bath closed in February after 200 years - but it has now been confirmed that it will reopen in spring 2026, starting with a soft launch in March and a full reopening in October.
The iconic store, located in Milsom Street, will be operated by department store group Morleys, which owns seven UK stores.
The building, which first opened in 1823 and is owned by Bath and North East Somerset Council, will undergo full restoration before it is reopened to the public. Jolly's had previously owned by the Frasers Group since the 1970s.
Shoppers have been reacting to the news of the opening on social media. One person said: "That's wonderful news!!" Another said: "Can't wait to see what they do."
Allan Winstanley, chief executive of Morleys, said: 'We're thrilled that work is underway restoring Jolly's to its former glory. We're extremely proud to be another step closer to taking stewardship of Jolly's and creating a world class shopping experience for the people of Bath and its many visitors."
Grant Jefferies, managing director of Bray and Slaughter, who are carrying out restoration works on the building, added: "Growing up near Bath, Jolly's has been a constant presence on Milsom Street during my life and to have the opportunity to showcase our technical skills and deliver a project which will secure a future for the site is a challenge my colleagues and I are proud to be entrusted with."
Councillor Mark Elliott, cabinet member for Resources, said: 'We are investing significantly in restoration of the building so it can continue to benefit future generations of Bath residents and visitors.
"I'll be taking a very active interest in progress as work is carried out to preserve the historic fabric of this flagship building."
In more retail news, Poundland is shutting two stores this summer ahead of the planned closure of another 68 branches. The discount chain has been sold for just £1 to investment firm Gordon Brothers, the former owner of Laura Ashley.
It was later revealed that Poundland wants to close 68 stores as part of a major restructure, plus it will look to reduce its rent at a number of other locations.
The restructuring plan will go through the High Court for approval. But before this announcement, Poundland had already shut 16 stores recently, with a further two planned for this summer.
Its store in Cowes, Isle of Wight, will shut permanently on July 30, followed by its branch in Newquay, which will close on August 1. Poundland, which is owned by Pepco Group, has around 800 stores in the UK and employs roughly 16,000 employees.
As part of the restructuring plan, Pepco will retain a minority stake in Poundland. Gordon Brothers is providing up to £80million of financing to help fund the turnaround plan.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Scottish Sun
40 minutes ago
- Scottish Sun
River Island set to close popular branch in DAYS as 33 more stores face closure and 70 at risk
We also share why the iconic fashion brand has been having a hard time SHUTTING UP SHOP River Island set to close popular branch in DAYS as 33 more stores face closure and 70 at risk Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) RIVER Island will close a popular branch in days as 33 more stores face closure and 70 are at risk. The popular fashion brand, sported by the likes of Paris Fury, will close its branch in Banbury this Saturday, June 28. Sign up for Scottish Sun newsletter Sign up 1 The store is set to close in a matter of days Credit: FACEBOOK News of the closure was shared on social media, with locals sharing the high street will be like a "ghost town" after its departure. Another shopper added: "If people stopped buying online it wouldn't happen." While a third added: "Gutted…..love River Island." Last week bosses at the chain revealed plans to shut 33 of its 230 stores, pending approval. A further 70 stores are also at risk, with its future depending on agreements being reached with landlords to cut rent agreements. Just weeks ago the British retailer drafted in advisers from PricewaterhouseCoopers (PwC) to come up with money saving solutions for the business. The brand currently employs 5,500 workers but it is not yet clear how many roles will be lost following the closures. River Island currently employs around 5,500 workers, although it has not said how many jobs are at risk should the initial 33 branches shut. Creditors, who River Island owes money to, will vote on any restructuring plans in August. In a statement issued last Friday, Ben Lewis, chief executive officer, said cited the "well-documented migration of shoppers from the high street" for its troubles. Beloved high street chain with 24 Irish locations confirms Dublin city centre store closing down in 10 days in huge blow He added: "The sharp rise in the cost of doing business over the last few years has only added to the financial burden." The retailers most recent filing on Companies House also laid bear its struggle over the past few years. It read: "The key business risks for the group are the pressures of a highly competitive and changing retail environment combined with increased economic uncertainty. "A number of geopolitical events have resulted in continuing supply chain disruption as well as energy, labour and food price increases, driving inflation and interest rates higher and resulting in weaker disposable income and lower consumer confidence." The store has already closed a number of branches across the UK. That includes a site a branch in Willows Place, Corby closed in April and a separate site in Vicar Lane Shopping Centre in Chesterfield closed in the same month. TROUBLE ON THE HIGH STREET River Island is just one of countless retailers reducing their estate in the face of dwindling sales and rising costs. Poundland will close 68 stores following its £1 sale to US investmet firm Gordron Brothers. But even before this announcement, the bargain chain had already planned to close 18 stores, Elsewhere, Hobby Craft and The Original Factory Shop have made a series of closures in the past few weeks. Both were bought by Modella Capital, with the investment firm making a series of closures to help shore up costs at the respective groups.


Scotsman
an hour ago
- Scotsman
Why targeting wealthy non-doms means we'll all pay higher taxes
Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Winston Churchill was right when in 1906 he said, 'for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle'. Time and again governments have discovered that introducing new taxes or increasing existing ones lead to behavioural changes by those who are liable to pay them. The result is that there is less of what is being taxed and that the revenues are inevitably lower than estimated. It could be Britain's 18th-century window tax, which resulted inevitably in fewer windows – as people bricked them up to cut their tax bill. Or it could be the taxes on candles, tea, hair powder, dog's tails, hearths and bricks. The list goes on. Advertisement Hide Ad Advertisement Hide Ad Then there's the behavioural change that could be the result of forcing Scottish taxpayers earning more than £30,318 to pay more in tax than they would in England. It's no surprise that some Scots have chosen to become English taxpayers, including people working for the Scottish Government or its agencies. Increasing taxes is not the way to create a more prosperous future (Picture: Henry Nicholls) | AFP via Getty Images Budget cuts and higher taxes This is called 'capital flight' and has reportedly led to Scots settling just across the Border and working from home, only occasionally travelling for a meeting in Scotland. Not only do these people take their tax payments elsewhere, it also means they spend more in their new location, depriving Scottish businesses of their economic activity. The SNP has been warned about the impact on countless occasions, including by its own advisors – the result is that tax revenues are inevitably lower than estimated, resulting in unplanned expenditure cuts and higher taxes to make up the difference. Advertisement Hide Ad Advertisement Hide Ad The same phenomenon is now being seen with the UK Government's tax changes for those known as 'non-doms'. The strict definition can be complex but simply put it means people of foreign birth living in the UK but not considered domiciled here because they will eventually return home. Being a non-dom meant you could have a remittance-based tax payment where you would pay British taxes on your earnings within the UK, but not on your earnings outside the UK. For especially wealthy people, often known as ultra-high, net-worth individuals (UHNWIs), this meant they might be paying very large tax bills in the hundreds of thousands (or more) on their UK earnings to our Treasury but also paying taxes in other countries where their overseas earnings were sourced. Millionaires and billionaires leaving Due to proposals first introduced by Conservative Chancellor Jeremy Hunt and confirmed by Labour's Rachel Reeves, the remittance-based tax regime for non-UK-domiciled people was abolished in April. Hunt had said it would raise £2.7 billion additional revenue when he was Chancellor, Reeves predicted £2.6bn and the Office of Budget Responsibility estimated £9bn in the first year and £33.9bn over the Parliament but with a 'very high' uncertainty factor because of the unknown behavioural responses of non-doms. The Institute of Fiscal Studies estimated only £1.8bn. Advertisement Hide Ad Advertisement Hide Ad But taxing for prosperity does not work. In 2024, 10,800 millionaires and 12 billionaires left the UK – taking their direct tax payments, significant investments and economic activity with them. The Centre for Economics and Business Research (CEBR) estimated a loss to Treasury revenues of £12.2bn by 2029, arguing that if 25 per cent of non-doms left the UK, the tax changes would start to cost the Treasury money. Initial estimates put the departures at 10 per cent, but they are continuing to leave at a worrying pace. An Oxford Economics study found that 98 per cent of those studied said that, in reaction to the Tory/Labour proposals, they would leave the UK sooner and 63 per cent said they were planning on leaving within two years. Unsurprisingly, some 83 per cent of non-doms identified liability for inheritance tax on their worldwide assets as a key driver of their decision to emigrate. Although the selection of the survey may have reflected a bias towards the wealthiest non-doms, some 60 per cent of tax advisors said they expected more than 40 per cent of clients to leave Britain's shores within two years of the change. It's capital flight on a grand scale and, just like the Scottish Government before them, the UK Governments were warned there was a serious risk of this outcome. Farage as 'Robin Hood' Now Nigel Farage has stepped in to announce a new Reform UK policy that will create a new system called the Britannia Card. Foreign applicants would pay £250,000 for a ten-year visa on arrival which would make them free from tax (including inheritance tax) on their foreign assets. The Britannia Card could then be renewed for a further ten years. Advertisement Hide Ad Advertisement Hide Ad The principle is similar to tax systems operated in other countries such as Italy and Greece but is a good deal more attractive (cheaper) to the non-doms, and consequently will raise less money for the Treasury. At £25,000 a year compared to €200k in Italy or €100k in Greece, the Britannia Card could be priced higher. Maybe Farage is intentionally pitching it low because so many non-doms will have left that attracting them back in four years' time after a general election will be very difficult. With other attractions that London offers, the cost of attracting UHNWIs could probably start higher and be reduced if it does not work. In an interesting twist, described as making Farage a modern-day Robin Hood, any Britannia Card visa fee income would go straight to the lowest paid as a tax bonus, possibly worth £600 each. Reform is selling that as taking from the wealthiest to give to the poorest workers – but it will only work if the non-doms return. Staying in Dubai or Doha might remain their preferred choice – but at least we now have a political offering where some UK politicians recognise you can't tax yourself into prosperity.


Powys County Times
2 hours ago
- Powys County Times
Poundland confirm short-term future of Welshpool store
Poundland have confirmed that Powys customers will still be able to shop at their stores – for now. The company which has been brought out US investment firm Gordon Brothers has said the stores in Welshpool and Aberystwyth would not be among the initial 68 stores that are set to close if their restructuring plan is accepted. The company, which has been in financial turmoil, will be subject to big changes if the plan is accepted by the court. If approved, Gordon Brothers, who used to own Laura Ashley, will pursue 'the closure of 68 stores and rent reductions across a number of other locations'. Currently the company has around 800 stores across the UK but if the plans go ahead it will 'result, over time, in an anticipated network of around 650-700 stores' – meaning the Welshpool and Aberystwyth stores may not be entirely safe in the long term. Barry Williams, managing director of Poundland said: 'It's no secret that we have much work to do to get Poundland back on track. 'While Poundland remains a strong brand, serving 20 million-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth. 'It's sincerely regrettable that this plan includes the closure of stores and distribution centres, but it's necessary if we're to achieve our goal of securing the future of thousands of jobs and hundreds of stores. 'It goes without saying that if our plans are approved, we will do all we can to support colleagues who will be directly affected by the changes.' Help support trusted local news Sign up for a digital subscription now: As a digital subscriber you will get Unlimited access to the County Times website Advert-light access Reader rewards Full access to our app The changes would also see Poundland would end its sale of frozen food and a reduction of its chilled food offer which would 'be anchored around its market-leading £3 meal deal and other essentials such as milk'. The company have also promised 'the return of ranges lost during the transition to Pepco-sourced products – for example a greater depth of womenswear in its clothing offer, the return of key seasonal general merchandise ranges and the restoration of product categories customers have missed.'