Second Blackburn discount retail store to close

Lloyd Doyle
July 17, 2018

On 10 July, it announced plans to close 25 stores and axe 242 jobs.

Deloitte, which is overseeing the process, has struggled to sell the business as a whole but said the latest raft of closures will not affect a potential deal for the remaining business.

'We would like to thank all the employees for their continued support and commitment'.

'We are keeping staff appraised of developments as they happen'.

13 jobs are said to be lost alongside the second store closure.

It was announced the Ivegate store would close last week.

It is the biggest chain by number of employees this year to fall into insolvency, just over four months after the same fate befell Maplin and Toys R Us.

Experts warned that worse was to come as traditional shops faced an onslaught from online rivals such as Amazon and powerful discounters including Aldi and Lidl. At that time the company ran with 335 stores, a head office and distribution centre at Normanton near Wakefield, in West Yorkshire, and employed around 5,100 people.

Rochdale Online asked why our local stores have signs present in the windows suggesting their closure.

The news comes as hopes for a rescue of the beleaguered retailer fade.

It sells 8,000 products, mostly priced at £1, including groceries, toiletries, household cleaning goods and candies, but has been hit rising costs and stiff competition.

In 2015 Mr Edwards sold the chain to U.S. private equity firm, TPG, which also controls restaurant chain, Prezzo.

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