Bank continues to close down stores

Distressed young fashion retailer Bank, which fell into administration last month, is set to shut down an additional 11 stores before the 15th of this month.

The new store closures would see close to half of all Bank's existing stores having stopped trading, after appointed administrators Deloitte said the remaining 64 stores would continue to trade as they search eed for a potential buyer for the business.

According to Drapers, Bank stores in Clydebank, Ashton under Lyne, Hull, Telford, Bolton, Derby, Falkirk, Newcastle, Sunderland, Wakefield and Speke are all up for closure. The move comes after Bank shut down 30 stores last month following its fall into administration. Bank will continue to trade out of its remaining 43 stores.