Search

Clothes shop in Great Yarmouth’s Market Gates centre closes as chain’s future hangs in the balance

PUBLISHED: 12:53 15 November 2018 | UPDATED: 17:38 15 November 2018

Blue Inc in Great Yarmouth's Market Gates shopping centre has closed its doors.

Blue Inc in Great Yarmouth's Market Gates shopping centre has closed its doors.

Archant

Menswear retailer Blue Inc has become the latest high-street name to run into trouble, after reportedly calling in advisers to help with the sale of the business.

Great Yarmouth's branch of Blue Inc, in the Market Gates Shopping Centre, has closed its doors. A sign showing the closure, and that the nearest branch is now in Ipswich.Great Yarmouth's branch of Blue Inc, in the Market Gates Shopping Centre, has closed its doors. A sign showing the closure, and that the nearest branch is now in Ipswich.

The chain has stores in Norfolk and Suffolk, including Norwich’s Castle Mall, the Market Gates shopping centre in Great Yarmouth, Broad Street in King’s Lynn and the Sailmakers shopping centre in Ipswich.

The Great Yarmouth outlet on Thursday was closed, with signs in the window advising customers to visit the Ipswich branch instead.

It has already been through a restructuring in which underperforming stores were closed but has now asked business advisers Begbies Traynor to find a buyer, Sky News has reported.

Industry insiders have said the chain may need to find new funding quickly.

Begbies Traynor and Blue Inc have not responded to requests for comment.

The retailer is the latest to show signs of stress in a year which has seen many big-name high-street chains facing difficulty.

On Wednesday, House of Fraser announced it would close its store in Norwich’s Chapelfield shopping centre after negotiations over rent foundered.

Meanwhile, Marks and Spencer and New Look have both announced store closure plans and Debenhams has issued profit warnings.

Stores are trying to cope with shifting consumer spending habits, as more people shop online, and juggle rising rents, business rates, staffing and import costs.

Other News

Yesterday, 19:51

Firefighters were called after arcing electrical cables sparked a blaze in a building in Great Yarmouth.

Yesterday, 14:57

Another drink-driver has been arrested in Norfolk overnight as police continue their winter drink and drug driving campaign.

Yesterday, 13:42

Traffic came to a standstill on Acle Straight, off the A47 after an abnormal load was transported through Great Yarmouth today.

Yesterday, 09:48

After a soggy start to the weekend retailers are hoping shoppers will venture out in greater numbers today after a slump in footfall on Saturday.

Most Read

Yesterday, 19:51

Firefighters were called after arcing electrical cables sparked a blaze in a building in Great Yarmouth.

Read more
Yesterday, 14:57

Another drink-driver has been arrested in Norfolk overnight as police continue their winter drink and drug driving campaign.

Read more
Yesterday, 06:00

The last of the tiny snails which hold the key to the prospect of the A47 Acle Straight being dualled have finally been moved .

Read more
Yesterday, 13:42

Traffic came to a standstill on Acle Straight, off the A47 after an abnormal load was transported through Great Yarmouth today.

Read more
Friday, December 14, 2018

A “dangerous” arsonist, who risked lives by setting fire to his home in Great Yarmouth, was jailed before for starting two fires at a previous address, a court heard.

Read more
Martin Ivory

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 5°C

Hot Jobs

Show Job Lists

Digital Edition

cover

Enjoy the Great
Yarmouth Mercury

e-edition today

Subscribe

Newsletter Sign Up

Great Yarmouth Mercury weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy