Jobs axed as clothes shop closes
FIFTEEN jobs have been axed following the closure of a discount clothes shop in Bury St Edmunds.
Staff at Peacocks, in the arc shopping centre, were told to shut the store on Wednesday afternoon after the brand was sold to Edinburgh Woollen Mill.
As part of the deal secured by administrators KPMG, 224 Peacock stores were closed ‘with immediate effect’ resulting in 3,100 redundancies.
However, 388 of the chain’s shops as well as the business’ headquarters and logistics functions were acquired – saving 6,000 jobs.
Business leaders in the town have lamented the demise of another high street shop in the following the recent loss of Hawkin’s Bazaar and Dorothy Perkins.
Andrew Denny, chairman of Bury Chamber of Commerce, said: “It’s very sad as it was a nice shop. I feel sorry for the people who were employed there. It reinforces what we have been saying for some time that many retailers are finding it difficult.”
For full details see Friday’s Bury Free Press.
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Friday 25 May 2012
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