Search

Another Ipswich store to close down after firm enters administration

PUBLISHED: 15:34 17 July 2019 | UPDATED: 08:54 18 July 2019

Ipswich's Bathstore in Norwich Road is set to close down after the firm entered administration. Photo: Judy Rimmer.

Ipswich's Bathstore in Norwich Road is set to close down after the firm entered administration. Photo: Judy Rimmer.

Archant

Ipswich’s Bathstore looks set to shut down after the national retailer fell into administration last month.

Signs have been placed outside the store, in Norwich road, advertising its closure.

The branch was one of 135 stores placed at risk when the retailer revealed it was entering administration in June.

MORE: Could electric bikes ease rush hour congestion in Ipswich?

The Ipswich store has slashed prices and is offering at least 30% off stock.

You may also want to watch:

A closing date for the store is yet to be confirmed and administrators at BDO are continuing to hunt for a buyer.

At this time it is unclear whether securing a buyer could save the Ipswich site.

Speaking in June, Ryan Grant of BDO, said: "Despite significant investment into the business over the past five years, Bathstore has struggled to overcome the well-documented challenges facing the UK retail sector.

"The appointment was made after several months of difficult trading, and the failure of ongoing talks to find a buyer for the business.

"Bathstore is continuing to trade in administration, whilst the administrators seek a buyer."


If you value what this story gives you, please consider supporting the Ipswich Star. Click the link in the yellow box below for details.

Search hundreds of local jobs at Jobs24

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad. Coronavirus is one of the greatest challenges our community has ever faced, but if we all play our part we will defeat it. We're here to serve as your advocate and trusted source of local information.

In these testing times, your support is more important than ever. Thank you.

Most Read

Most Read

Latest from the Ipswich Star