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Iconic 125-year-old retailer slashes price of furniture and sofas by 80% ahead of closure within days

Published on April 25, 2025 at 05:00 AM

A FAMILY-OWNED furniture store has slashed prices by up to 80% as it prepares to close for good this weekend.

Vaseys Style Store in Penrith, , will draw down the shutters at 6pm on Saturday and has said all stock must go.

Vaseys Style Store in Penrith.
Vaseys will close its Penrith store on Saturday

Ahead of its closure the has cut prices by up to 80% across sofas and armchairs as well as living, dining, and bedroom furniture, including beds, mattresses and accessories.

Vaseys was established 125 years ago in Carlisle and has had a presence in Penrith for 80 years.

Announcing the closure of the store managing director Mike Vasey said: “A heartfelt thank you to all our loyal customers in Penrith and beyond – your support over the years has meant the world to us.”;

Customers have just two days left to grab a , with the Penrith site open from 10am to 6pm on Friday April 25 and Saturday April 26.

Pictures of some of the deals on offer have been shared on social media with one shopper having said: “Amazing bargains!”;

The closure will leave another empty store in the town, following .

Last year had also seen the closure of Get Ahead Hats and butcher Chopping Block in Penrith.

High street struggles

It's been a tough year for the high street with both established chains and independents shuttering up sites across the country.

Earlier this week confirmed the closure of its MargateHigh Street store, making it the sixth to be shuttered by the brand this year.

On the same day fashion retailer said it's branch in Salisbury, Wiltshire would close from Monday.

The store will be among several affected following the company’s financial restructuring.

The closures are just the latest after retailers suffered several bruising years following the pandemic.

Rising costs, a shift to online shopping and a dip in consumer confidence have all impacted retailers, with even established names shuttering sites.

Well-known brands such as and Paperchase have collapsed, while many others continue to scale back operations in a bid to reduce costs.

was sold out of administration and has seen many stores close.

While is set to shut ten stores in the coming weeks as part of wider plans to reduce its UK portfolio by 300 sites.

Meanwhile has confirmed it will shut down 50 stores next year.

The retailer, which has 4,850 stores across 36 countries, has not confirmed how many of the closures will be in the UK.

And major charity retailer is also set to close a total of 50 stores.

Some 43 Scope stores are set to close between now and March 31, 2026, while a further four will shut in the 2026/27 financial year.

Others to have shuttered stores or announced closures for 2025 include fashion retailer Monki, Co-op, and Millets.

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