Fashion outlet chain Leading Labels is set to close its 15 stores after entering liquidation.

The retailer, which sells discounted clothing from brands including Calvin Klein, Wrangler, Elle and Joules, appointed Jeremy Bleazard of XL Business Solutions Limited as liquidator on 26 May.

Clearance sales have now launched across its store estate, with “Everything Must Go” signage displayed at branches as the business winds down.

Leading Labels operates large-format outlet stores selling men’s and women’s fashion at reduced prices, positioning itself as a destination for discounted branded clothing.

The retailer’s financial difficulties had become apparent earlier this year when it received a Gazette notice on 10 March warning that the business faced being struck off the register and dissolved unless cause was shown to the contrary within two months.

It was not the first time the company had received such a warning, while director information has also been amended on multiple occasions.

According to Companies House filings, Leading Labels has outstanding accounts that were due by 30 November 2025.

Staff at the retailer’s Ipswich store, which opened in 2022 in the former Topshop and Topman unit, told the East Anglian Daily Times they were unsure when the branch would close permanently or the reasons behind the shutdown.

The collapse marks another setback for the UK fashion sector, which has been hit by rising costs, weaker footfall and squeezed consumer spending. Fellow fashion chain Quiz is preparing to shut its remaining 37 stores this month after falling into administration for the second time in just over a year.

Quiz had previously entered administration in February 2025 before being acquired in a rescue deal that allowed it to continue trading temporarily.

Liquidation Centre director Richard Hunt said the current economic climate was posing “increasing risks” to businesses, particularly retailers.

“It is much easier to lose customers than to retain them, which is why regular market research and competitor analysis are so essential,” he said.

“Staying ahead of the curve as conditions evolve is critical to long-term survival.

“The broader context of the high street matters too, as the UK retail sector has been hit hard by rising rents, increasing business rates, and declining foot traffic.”