Great Yarmouth retailer closing down one of its stores
PUBLISHED: 12:28 15 January 2015 | UPDATED: 12:28 15 January 2015
Independent retailer Palmers is selling off one of its Norfolk stores.
The family-run company, which was established in Great Yarmouth is 1837 and continues to run the Market Place department store, is closing its Dereham branch in mid-Norfolk.
The store has been sold to a local businessman, Basil Todd, who is planning a £2m redevelopment of the site.
The shop, which currently employs 35 staff, closed to two days earlier this week to prepare for major closing down sale.
Palmers’ managing director David Howard said: “It is a £1 million sale and every single item in the store is reduced,” he said.
“If we run out of stock we will bring more in from other branches so customers can expect to see lines they have not had here before.”
The sale is expected to continue until the beginning of March when the doors will close on Palmers for the last time.
Mr Howard said all employees who want to work for Mr Todd’s new business have applied and he has promised to interview them all.
“They have many years of experience between them so our hope is that all those who want to will get new jobs,” he said.
“He has also been offered the option of all the fixtures and fittings but we have not yet heard if he is taking them.”
He added that there was some sadness at leaving Dereham after so many years - Palmers bought the store in 1989 following the retirement of Nicholas Hinde - and thanked his loyal customers.
“It is the end of an era but it was the right time to sell with the exciting opportunity Mr Todd is offering,” he said, adding that the other Palmers stores in Yarmouth, Lowestoft and Bury St Edmunds will be unaffected by the closure of the Dereham shop.
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