Burgess Hill retailer earmarked for closure continues to trade as normal
A Burgess Hill retailer which was earmarked for closure continues to trade as normal.
Carpetright in London Road was expected to close at the end of this month.
The retailer announced in April that it was one of 81 ‘poorly located’ and ‘over-rented’ stores across the country that were expected to close.
A spokesman for the retailer said at the time: “We have announced some tough but necessary steps to address our legacy property issues and restore our profitability.
“We are launching a CVA proposal that, if approved, will result in the closure of 81 poorly located or over-rented stores, from a UK total in excess of 400, later this year.
“Planned closures will not affect our customers, all orders will be fulfilled either by the original store or a neighbouring Carpetright where necessary.
“Regrettably, we expect this will mean that around 300 colleagues would leave the business but we will make every effort to find alternative roles for those affected wherever possible.
“We’re also announcing that we plan to follow the CVA with an equity financing to raise £60m of new funds to invest in our stores and online offer, to strengthen the competitive position of the ongoing business.
“It’s important to stress that throughout the CVA process, we will continue trading as normal and customers can continue to shop with Carpetright with confidence.
“We do not expect the proposed stores to close before September 2018. We will remain in close contact with all colleagues to keep them fully informed as we move through this process.”
Today, the retailer has revealed that there is ‘no set date’ for the London Road store to close.
A spokesman told the Middy: “At the moment there is no set date for the closure of this store and we are continuing to trade as normal.”