Yuccs on Avenida Jaime III: insolvency, empty shop and how Palma responds

Yuccs on Avenida Jaime III: insolvency, empty shop and how Palma responds

In the morning it was quiet on Avenida Jaime III, only the rattling of buses and the clink of espresso cups on the pavement mixed with the wind coming in from the sea. In the shop window of the Yuccs store a note: "Temporary closure". Boxes, half unpacked, an empty shoe rack — the image of a brand that suddenly stops breathing in the middle of its operations.

Central question: What does the insolvency mean for customers, employees and the city centre?

The question is simple and urgent: How do I, as a customer, protect my money, and how will jobs on site be secured? The insolvency court in Palma has opened the proceedings — a formal step that leaves many options open: restructuring, partial sale or liquidation. For residents and shop owners, this mainly means one thing: uncertainty on a street that depends on continuity.

Why does it hit cosmetics and shoe labels like Yuccs particularly hard?

The closure is driven by several factors that come together like clouds on an otherwise blue winter sky: online orders, increased logistics and storage costs, tougher competition in the sustainable design segment — and the typical seasonal fluctuations on a holiday island. What is often overlooked is the link between online and brick-and-mortar business. If logistics fail, the store suffers; if customers stop coming, the brand suffers.

Aspects that rarely take the spotlight

First: supply chains. For retailers in Mallorca, returns and replenishments are more complex and expensive than on the mainland. Second: outstanding vouchers and pending orders — these are silent obligations that are hardly visible to the public, but carry significant weight in the insolvency table. Third: the social effect of vacancy. A closed shop shifts pedestrian flows, changes sightlines on the street and can, in sum, reduce the attractiveness of Jaime III.

Concrete steps for those affected

For customers: Keep order confirmations, bank statements and e‑mails. Take screenshots of open orders. Check payments made by credit card or PayPal — there are often chargeback options. Talk to your bank if large sums are involved.

For employees: Report outstanding wage claims immediately, document working hours and contractual agreements. Trade unions and the local employment authority are first points of contact; in insolvency cases, unpaid wages can sometimes be secured in part through a state compensation scheme.

For landlords and suppliers: Submit claims in writing to the insolvency administrator and secure your rights in the proper form. Be sure to observe deadlines — those who come too late often lose their rights.

What opportunities arise from the crisis?

Yes, there are opportunities. An orderly insolvency allows solvent buyers to take over parts of the brand or individual stores. A well-negotiated sale can save jobs or at least preserve parts of the business. For Palma, such cases offer the chance to quickly fill vacant spaces with concepts that suit the city centre: local designers, pop-up stores, workshops or craft projects that draw residents and regular customers back in.

What politicians and the industry should do in the short and medium term

In the short term, more transparency from the insolvency administration and fast information channels for employees and customers are needed — for example a central contact point in the city where people can get information and advice. In the medium term, logistical consolidations are conceivable: joint returns centres or pooled transports could reduce return costs for small brands and make supply chains more robust. In the long term, a more diverse city-centre mix helps. If Jaime III is not made up only of similar tourist offerings, the failure of individual brands is less obvious.

The picture remains, in the end, one many already know: a note in the window, a questioning look from passers-by who stop at the glass. Whether Yuccs gets a second chapter now depends on courts, negotiations and potential investors. For the people on Avenida Jaime III, the obvious applies: gather information, file claims within the deadlines and seek conversation in the neighbourhood.

We will keep following this. As soon as the insolvency administrator publishes details or new interested parties emerge, we will report further. Any information from the neighbourhood helps to complete the picture — tell us about your experiences with orders, outstanding wages or delivery problems.