Two national chains struggle to stay afloat

retailers are continuing to feel the impact of the recession as two more stores look likely to close in Bury St Edmunds.

Speculation has been cast over the future of leading video game retailer Game and women’s clothing store Fenn Wright Mason.

Game, which is currently in discussions with suppliers and lenders, has been forced to leave shoppers disappointed over the last few weeks after financial constraints left it unable to secure the latest releases.

At the end of February the supplier failed to reach an agreement with EA Sports to stock Mass Effect 3, forcing it to refund deposits and give £5 in reward points to customers who had preordered the game.

The company, which has an outlet at the Buttermarket, in Bury, employs 6,000 people across the country.

Over the last 12 months its share price has fallen from £59.50 to £1.28.

In a statement on its website, the company reported that losses for the year to January 31, 2012, were expected to amount to £18 million.

The future of women’s clothing retailer Fenn Wright Mason, which has been in the arc, in Bury, since 2009, also looks uncertain.

The retailer, which employs five people in the town, has been in administration for several months.

Despite continuing discussions with possible buyers a closing down sale has been launched in the company’s Bury store.

However, no date for closure has been set.

Springboard Research, which measures retail performance found that 9.4 per cent of ground floor units in Bury were empty as of January 2012 compared with an average of 9.3 per cent for the east of England and 11.1 per cent nationally.

Dennis Smith, interim manager of the arc, said: “We do not expect units to be empty for long, we are pleased with the sort of response we are getting.”

The uncertainty surrounding the two retailers comes just two weeks after discount fashion retailer Peacocks closed its store in the arc.