A STOWMARKET shoe shop is closing down due to ‘poor performance and rising costs’.
Stead and Simpson, in Ipswich Street, is to begin shutting the shop after the location of the store was deemed ‘unsustainable’.
A spokeswoman for Shoezone, which took over Stead and Simpson after it went into administration in 2008, said: “We can confirm that the store in Stowmarket is closing down due to poor performance and rising costs which make the location unsustainable.
“The decision to close a store is always a difficult one and is not taken lightly.
“We always try to re-deploy any staff affected to nearby stores wherever possible.
“The date of closure is not yet confirmed and we always communicate this to our staff first.”
Mayor of Stowmarket Anne Whybrow said although it was a pity the shop was closing, shops in Stowmarket did not tend to stay empty for very long.
She said: “I think nationally Stead and Simpson are looking at their whole portfolio, the lease was coming to an end.
“All businesses regroup and restructure and this must have been what the company thought was its best option.
“But Birthdays is closing and is reopening as Clinton Cards.
“Shops do not stay empy for long in Stowmarket.
“It is a useful-sized shop so I am positive something it will not be empty for long and that something good will come of the move.”