Magnet begins 15-store cull as major restructuring takes place

Magnet has closed the first of 15 underperforming showrooms as it pushes ahead with a major restructuring of its store estate.
The retailer’s Caxton Way branch in Watford ceased trading on 14 July, with customers’ existing orders being transferred to its nearby stores in St Albans and Harrow.
Magnet said employees affected by the closure would be supported, with alternative roles offered elsewhere in the business wherever possible.
The Watford shutdown is the first of 15 planned clos