David & Goliath, the US young fashion retailer which sells illustrated T-shirts, underwear and loungewear featuring slogans such as ‘Chillin with my Gnomies’, is to focus on its wholesale business after closing down all of its UK retail stores last month.
David & Goliath shut its stores in Birmingham, Westfield Stratford and Bluewater at the beginning of January, with the Carnaby Street branch thought to have closed just over a week ago.
Christian Stewart, director of the UK arm of the business David & Goliath Retail, said several factors had led to the store closures.
“The leases on the key shops expired after many years of trading, with some being on short term agreements. We were unable to renew the leases on those stores being outside of the landlord and tenant act or the landlords desire to relet the units to higher profile brands with stronger covenants.
“The increase in rent and difficult trading conditions in certain locations over the last few years has also been a major factor in making the decision to close the remaining stores.”
Stewart said David & Goliath US will continue to develop its wholesale offer, and plans to expand its UK presence through existing and new accounts along with concessions in major store groups.
UK stockists include young fashion etailer Chicksrule, young fashion chain Pulp, Amazon, alternative fashion mini chain Blue Banana and Surfdome.
According to its website, the retailer has 19 stores worldwide, in locations such as Hawaii, Dubai, Manilla and Vancouver. Its retail stores outside of the UK are unaffected by the closures.