Retailer set to give up city centre

Store set to quit town centre

Closing down indicators have appeared at a long-standing Peacocks retailer.

The clothes retailer’s two-storey unit in Ashford seems set to hitch the likes of fellow huge title corporations similar to River Island, Debenhams and M&S in leaving the city.

Closing down signs at Ashford's PeacocksClosing down signs at Ashford's Peacocks
Closing down indicators at Ashford’s Peacocks

It comes as Peacocks house owners Edinburgh Woollen Mill (EWM) put together to drag the shutters down on 50 of its shops nationwide.

Final week the group, which additionally owns manufacturers together with Bonmarché and Jaeger, revealed it was on the brink off calling in directors.

Now, closing down sale indicators have been put up within the window of the big Peacocks department in Ashford’s County Sq. procuring centre.

Bosses at EWM wrote to workers earlier this month, with chief govt Steve Simpson saying: “Like each retailer, we have now discovered the previous seven months extraordinarily troublesome.

“This case has grown worse in current weeks as we have now needed to take care of a collection of false rumours about our funds and buying and selling which have impacted our credit score insurance coverage.

The Peacocks store is seemingly on its last legsThe Peacocks store is seemingly on its last legs
The Peacocks retailer is seemingly on its final legs

“Historically, EWM has all the time traded with robust money reserves and a conservative steadiness sheet, however these tales, the discount in credit score insurance coverage, towards the backdrop of the lockdown and now this second wave of Covid-19, and all of the native lockdowns, have made regular buying and selling unimaginable.

“As administrators, we have now an obligation to the enterprise, our workers, our prospects and our collectors to seek out the perfect answer on this brutal atmosphere.”

The retailer has been approached for remark.

In constructive retail information for Ashford, the close by former Bonmarché unit was final week crammed by a brand new addition to the city, Playing cards Direct.

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