Carpetright set to close Scunthorpe store as part of restructuring plan to shut 92 branches

By Scunthorpe Telegraph | Posted: 12 Apr 2018

Another major retailer is set to cease trading in Scunthorpe, it has been announced.

Carpetright is expected to close its branch on the Lakeside Retail Park after the firm announced plans to shut 92 stores across the country as part of a restructuring plan.

The Scunthorpe branch appears on a list of 81 branches earmarked for closure, which was reported by The Mirror this morning. It said a further 11 branches had already ceased trading.

The blow to retail in Scunthorpe comes after Toys 'R' Us closed its store on the Gallagher Retail Park last month, while H&M became the latest big name to leave the town centre in November.

Carpetright has said 300 jobs across the country will be lost as part of its plan to close almost a quarter of its UK stores, which follows tough trading.

The company has more than 400 branches across the country and employs a total of almost 2,700 staff. According to The Mirror, it has said staff will be relocated where possible.

The Carpetright branch on Scunthorpe's Lakeside Retail Park, which is earmarked for closure

Wilf Walsh, chief executive of Carpetright, said: "These tough but necessary actions will enable us to address the burden of a legacy UK property estate consisting of too many poorly located stores on unsustainable rents, and are essential if we are to restore our profitability and deliver a successful turnaround.

"We will remain in close contact with all colleagues to keep them fully informed as we move through this process."

Carpetright branches in Lincoln and at Meadowhall in Sheffield also appear on the list of stores earmarked for closure.



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Source article: http://www.scunthorpetelegraph.co.uk/

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