National media reports have indicated that popular clothing chain, New Look could close  stores across the UK to save on rent costs.

It was also reported nationally that the South African-owned New Look was looking at a Company Voluntary Arrangement (CVA) in a bid to restructure debts. Closing stores would help the chain slash its rent costs.

New Look branch in Southport is located on Chapel Street, which is now situated next to a vacant shop unit that formerly belonged to H&M and near to BHS which both it closed last year.

OTS News approached the store for a comment on the reported closures and whether any local stores might be affected – but the chain has not yet responded.

What could fill the hole that H&M left in Southport’s high street

What would you like to see move into latest empty building on Chapel Street?

last year BHS shut its doors for the last time, and an icon of the high street was gone forever.

As we start the new year Chapel Street has another gaping hole, after another local favourite, BHS, also closed.

With one of the biggest units on our towns pedestianised shopping street empty has left many people asking – what could fill the space?

GCW, the property firm responsible for the site, has the unit listed online for a rental price of £150,000 per year, down from £215,000 when it was first listed in November. Whoever takes over the store will also have to pay annual business rates of £265,000 (£5,417 per month).

1. Zara 

Southport has had some great department stores over the years – and no wonder, with Lord Street one of the most famous shopping streets in Britain.

Shoppers have flocked to Beales, Debenhams, and BHS.

With more than 1000 stores worldwide, ZARA is one of the largest international fashion companies. Zara Liverpool ONE constantly strive to offer the latest trends as well as easy access to fashion along with customer services. They change their collections twice a week. Departments: Ladieswear, Menswear and Childrenswear clothing and accessories

2. Burger King

Until recently Southport had three McDonald’s restaurants but you’ve got more chance of finding a chocolate tea pot than a flame grilled Whopper in Southport.

Could this be the site they have waiting all these years to find?

3. Waitrose

What a great store they opened on Tulketh Street.

When Sefton Council decided to pedestrianise Chapel Street, the firm decided to leave Southport – for Formby.

Waitrose Supermarket chain sells fresh British produce, groceries and baked goods, including own-brand items.

Don’t bet on it…!