Big high street chain with 825 stores to shut branch for good in WEEKS

A BIG high street chain with 825 stores will shut a branch for good in a matter of weeks.

is preparing to shut its branch in the Belle Valle shopping centre, Liverpool, in a blow to locals.

Upset shoppers have taken to to blast the decision, with many blaming “greedy landlords”.

Another said that there would be ” hardly anything” in the shopping centre.

While a third added: “It is wrong that some of the workers there have been loyal workers for years.”

has confirmed to Flying Eze that it will close its branch in the shopping centre on May 6.

A spokesperson said the decision came after it was served notice on the lease.

They added: “We know how disappointing this will be to customers and colleagues.

“Whenever we have to close a store in these circumstances, we do all we can to look for other opportunities for colleagues and that work is now underway.”

“We’d like to thank customers at Belle Vale for their support – and look forward to welcoming them at our other stores across Merseyside.”

It is not the only retailer Liverpool residents have had to say goodbye to.

Harvey Nichols is pulling down the shutters on its three-floor Beauty Bazaar in.

It is understood the shop, inside the Liverpool ONE complex, will close in mid-April.

Today's comes amid a tough period for Poundland.

Just last month, it was forced to close a branch in Belfast after the Connswater Shopping Centre was put into receivership.

The shop closed at the end of March, with a major clothing down sale launched.

WHAT IS GOING ON AT POUNDLAND.

Last month, its parent company Pepco is said to have hired advisory firm Teneo to oversee the sale of the UK business.

It comes afterPepco “all strategic options” to separatefrom its brand.

The Polish group said it might turn its focus to its more profitable businesses in .

Pepco previously warned that upcoming hikes to employer NationalContributions (NICs) and national minimum wage would significantly add to its costs.

Late last year, it was revealed that profits at Poundlandalsoin the year to September, with bosses again blaming slow sales amid a poor outlook thanks to measures set out by Reeves

A spokesperson also said the huge loss was “due to a non-cash impairment at Poundland that relates to the acquisition of the UK chain in 2016”.

This means the value of the business has decreased because of an expectation that future cash flows will fall.

More recently, Poundland also sawfor the three months to December.