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A POPULAR jewellery store volition unopen aft 55 years, sparking a monolithic store wide sale.
Robert Gatward Jewellers successful Thame, Oxfordshire volition adjacent its doors connected Christmas Eve, conscionable successful clip for shoppers to prime up immoderate Christmas contiguous bargains.
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The Thames precocious thoroughfare has already begun it's monolithic store-wide sale, with owners Keith and Bridie Gill saying they had to determination £4 cardinal successful stock.
The merchantability volition spot jewellery discounted by 50 per cent including diamond rings, precious chromatic pieces, earrings, necklaces, bracelets and rings.
All pieces volition beryllium sold connected a first- come, first-served ground and the closing down merchantability volition past until banal is sold.
The store has been successful its 17th Century Grade II listed premises successful Thame municipality centre ever since it opened.
Current owners Keith and Bridie bought the business successful 1999, aft it was owned by its sanction involvement Robert Gatward who opened the store successful 1969.
Speaking to The Bucks Herald, Bridie said: "It’s a magical manufacture to enactment successful and we person loved moving this store, it’s been wonderful.”
Keith added: "I bask everything astir this store, the customers, the staff, the happiness.
"We get to stock specified joyful occasions with our clients, and spell connected their beingness travel with them.
“The closure of our Thame store truly is the extremity of an epoch for Thame. Our customers volition beryllium gutted that we are closing the store.
"It’s not been an casual determination to adjacent the Thame store, but we judge it is the close decision.
"It’s a decision that truly has been reached with a dense heart."
It comes aft a massive stationary concatenation announced it would adjacent a fashionable store conscionable earlier Christmas.
Ryman stationer has much than 200 stores crossed the country, including successful cities specified arsenic Brighton, Glasgow and London.
It sells everything from bureau supplies to kids' stationary essentials.
But shoppers successful Stoke-on-Trent volition soon request to find an alternate retailer arsenic Ryman is acceptable to unopen its store successful the Longton Exchange buying centre for good.
It volition unfastened for the last clip connected November 30, according to section quality reports.
Meanwhile, a beloved pub volition clasp 1 past party earlier permanently shutting its doors.
The Sarah Moore sports pub successful Leigh-on-Sea, Essex, volition beryllium turned into a residential spot aft it closes its doors, to the devastation of locals.
The pub's landlords shared the bittersweet quality connected Facebook aft being told the lease connected the gathering would travel to an end.
Fans person described the closure arsenic the 'end of an era' and said 'there's nary different pub similar it' successful the town.
In a societal media station the landlords said: "The gathering has been up for merchantability for immoderate clip with the intentions of it being turned into a residential property."
The pub said January 4 would beryllium its past evening of trading.
Why are retailers closing stores?
RETAILERS person been feeling the compression since the pandemic, portion shoppers are cutting backmost connected spending owed to the soaring outgo of surviving crisis.
High energy costs and a determination to buying online aft the pandemic are besides taking a toll, and galore precocious thoroughfare shops person struggled to support going.
The precocious thoroughfare has seen a full raft of closures implicit the past year, and much are coming.
The fig of jobs mislaid successful British retail dropped past year, but 120,000 radical inactive mislaid their employment, figures person suggested.
Figures from the Centre for Retail Research revealed that 10,494 shops closed for the past clip during 2023, and 119,405 jobs were mislaid successful the sector.
It was less shops than had been mislaid for respective years, and a simplification from 151,641 jobs mislaid successful 2022.
The centre's director, Professor Joshua Bamfield, said the betterment is "less bad" than good.
Although determination were immoderate big-name losses from the precocious street, including Wilko, galore ample companies had already gone bust earlier 2022, the centre said, specified arsenic Topshop proprietor Arcadia, Jessops and Debenhams.
"The cost-of-living crisis, ostentation and increases successful involvement rates person led galore consumers to tighten their belts, reducing retail spend," Prof Bamfield said.
"Retailers themselves person suffered expanding vigor and occupancy costs, unit shortages and falling request that person made rebuilding profits aft extended store closures during the pandemic exceptionally difficult."
Alongside Wilko, which employed astir 12,000 radical erstwhile it collapsed, 2023's biggest failures included Paperchase, Cath Kidston, Planet Organic and Tile Giant.
The Centre for Retail Research said astir stores were closed due to the fact that companies were trying to reorganise and chopped costs alternatively than the concern failing.
However, experts person warned determination volition apt beryllium much failures this twelvemonth arsenic consumers support their belts choky and borrowing costs soar for businesses.
The Body Shop and Ted Baker are the biggest names to person already collapsed into medication this year.
What other is happening connected the precocious street?
Shoppers person faced a swathe of closures connected their section precocious streets successful caller years arsenic galore of their favourite chains shutter sites.
The cost-of-living situation has meant households person less money in their pockets and truthful are cutting backmost connected their spending.
As a result, precocious thoroughfare shops person seen little footfall and little wealth landing successful the tills.
That, on with ongoing restructuring plans and precocious rents, person forced galore chains to adjacent locations.
Figures from the Centre for Retail Research revealed astir 10,500 UK shops closed for the last clip successful 2023.
The 12-month play besides saw implicit 119,000 jobs lost crossed the sector.
According to the centre's data, 1,846 stores closed and 23,982 retail jobs were mislaid during the archetypal six months of 2024.
November volition beryllium nary different, with Co-op, Decathlon and Wetherspoon among those closing sites.
Of course, it's not each bad news. In immoderate cases branches volition beryllium replaced with bigger and better shops.
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