Clothing store closes its doors to customers
A well known clothes shop in Great Yarmouth is to close its doors for the final time at the weekend.
Greenwoods on the corner of King Street and Regent Road will shut on Saturday, leading to what the Mercury understands to the loss of four jobs.
The store is covered with window posters announcing the closure and saying all stock is reduced.
The store is part of a suit hire and retail company that had been bought out of administration last October.
The closure is another blow to Great Yarmouth town centre, which has seen other chains such as BHS and Marks and Spencers move out or close recently and also River Island intends to move to the Gapton Hall estate.
Greenwoods Menswear went into administration in September citing tough trading conditions but stores in Great Yarmouth and Bury St Edmunds were saved after administrators Deloitte found a buyer.
Versatile International Trading bought the majority of the business on October 20.
However, 22 stores closed with immediate effect, resulting in 88 redundancies, including Lowestoft’s branch.
The Mercury has been told that the Yarmouth store is closing so the company can concentrate on its northern stores.
It comes as work is being carried out re-fitting the former Stead & Simpson shoe store in King Street.
Last month the Mercury revealed how figures showed 15pc of town centre shops were empty compared to 12.2pc nationally.
In a bod to boost the town’s economy and shopping experience Great Yarmouth Borough Council is drawing up a masterplan.
By 2025 it is hoped the area around King Street and Regent Road will be revitalised with new shops and businesses, and a leisure-based anchor, possibly a cinema, and bars, restaurants and cafes.
At the time the of the Greeenwoods company sale in October joint administrator for Deloitte Adrian Berry said: “This sale represents the best outcome for the business, which has been trading in administration for over six weeks.
“A significant proportion of the employees now have their jobs protected and we would like to thank all of them for their support during this difficult period.” The company operated from 63 stores.