Finance

‘Tumbleweed town’ fears as high street card shop with 180 stores to close another branch for good


SHOPPERS have been left disappointed after a high street card shop with 180 stores prepares to close another branch for good.

Clintons Cards announced last year that it is considering plans to shut 38 of its stores in a bid to avoid insolvency.

Clintons Cards is set to close its branch in Hinckley, Leciestershire, this month

1

Clintons Cards is set to close its branch in Hinckley, Leciestershire, this monthCredit: Alamy

Half a dozen stores have already closed including in Cambridgeshire, Cumbria and Northamptonshire.

The chain currently has 179 shops nationwide and employs 1,400 people

Now, Clinton Cards is set to pull down the shutters on its branch in Castle Street, Hinckley, Leicestershire on February 17.

Shoppers have taken to social media to share their sadness over the decision.

One Facebook user said: “Sorry to say Hinckley’s brand of Clinton cards will be closing down on February 17.

“So hurry while you can to get all your lovely Valentine’s gifts and cards.

“There will be no closing down sale as stock will be transferred to another store.”

Another shopper said: “Another empty business plot.

“Hinckley town centre has absolutely nothing to offer.

“Gone are the days you could come into town and be able to find everything that you needed. It’s like a tumbleweed town.”

And a third wrote: “It’s a shame all the old shops are shutting down.”

The Sun has contacted Clinton’s for comment.

Clintons is among retailers to have been affected by depressed high street footfall and competition from online rivals.

In August 2023, restructuring experts FRP Advisory and law firm Jones Day presented plans to save the business in an insolvency court.

The deal will help save thousands of jobs and over one hundred shops across the UK, but it still means dozens of branches will have to close their doors for good.

They came up with a deal to save thousands of jobs and over one hundred UK stores.

This led to the closure of stores in Cumbria, Bolton and Leeds last year.

More recently, Clintons closed its branch in Haverhill, Suffolk, last month.

This involved waving goodbye to a selection of shops that were not earning enough money to make them profitable to keep.

Originally, Clintons planned to merge with another struggling stationary brand Paperchase.

However, the firm sadly went into administration at the start of last year.

At its peak, Clinton’s had 2,500 staff working across 335 shops.

More high street closures

Retailers have been feeling the squeeze since the pandemic, while shoppers are cutting back on spending due to the soaring cost of living crisis.

High energy costs and a move to shopping online after the pandemic are also taking a toll, and many high street shops have struggled to keep going.

The high street has seen a whole raft of closures over the past year and more are on their way.

Several major brands have also collapsed, such as Wilko and Paperchase.

Many retailers have been struggling to get by, especially during the Covid-19 pandemic.

Energy costs have risen, and more shoppers than ever are choosing to order online rather than head into stores.

This has left some retailers grappling with budgets and have no choice but to close stores to cut costs.

British retailers saw the amount of goods they sold drop last month at its fastest rate in three years as under-pressure families shifted part of their Christmas shop to earlier in the year.

Sales volumes dipped by 3.2% in December, data from the Office for National Statistics suggests, down from a rise of 1.4% a month before.

Several big-name chains are pulling down the shutters for the final time this month.

Lidl will be pulling the shutters down on its site in Thornaby.

The bargain retailer has confirmed the sites in Stockton-on-Tees will shut on February 29.

Boots revealed it would be closing 300 stores over the next year as part of plans to evolve its brand.

Do you have a money problem that needs sorting? Get in touch by emailing money@the-sun.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories.





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.