Oldrids & Downtown has today announced that its Lincoln store will close down for good next month.
The store’s last day of trade as a Downtown will be Sunday, July 23.
Oldrids & Downtown currently employs over nine hundred people in Lincolnshire across seven stores and the closure of the loss-making store in Lincoln will allow the company to concentrate on its remaining stores across the county.
Oldrids & Downtown has told its Lincoln customers that statutory rights will not be affected and that all outstanding orders and any subsequent after sales matters will be managed by the existing service departments based at other locations.
The Lincoln store will close temporarily at 6pm on Friday, June 16 and then reopen to the public again from Friday, June 23 until the last day of trade.
This temporary closure will allow the store team time to prepare all remaining stocks for a final major clearance event where £1.6 million of stock, plus all remaining fixtures and fittings must be cleared over the last four weeks of trade.
A spokesperson from Oldrids & Downtown said: “Clearly we would have all preferred for there to be no requirement for this closing down event.
“The fact is that we have taken the decision to close the store and so every effort must now be made to clear all remaining stock, fixtures and fittings prior to the lease ending at the end of July.”