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Blow to town as key national retailer is set to close store

 
Created on 17/04/2019 @ 10:02
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A key national retailer is to close its store in Newtown, with the loss of jobs and another empty space at one of the town's key shopping destinations.

The Dorothy Perkins and Burtons store at the Bear Lanes shopping centre will close on 8 June, according to sources.

Montgomeryshire AM, Russell George, said it was another blow to the town's retail sector.

It is understood the Arcadia Group, owners of the retail business, are in dispute with the premises owner Threadneedle Pensions Ltd.

He said: “The staff have confirmed this news to me. This is very disappointing, as the shop is a key anchor business in the town.

"Following speculation that there has been a dispute between the Arcadia group and the owners of the Bear Lanes Shopping Centre, Threadneedle Pensions Limited, Mr George has requested clarification from both businesses.

“I’ve spoken to staff at the Arcadia group head office, and also the local staff at the Bear Lanes Centre. I think it’s important to try and allow both parties to provide an update if they feel they can.

“There are currently five units empty in the Bear Lanes Shopping Centre, and when a number of shops remain empty, it can have a negative knock-on effect to other shops in the town."

The Arcadia Group has been asked for a comment.

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