H&M’s Chapel store is set to close as high rents claim another victim

One of the town few remaining big brand stores will close for good on Saturday 31st December. Staff will have been offered alternative twenty hour contracts at the Liverpool city centre store.

It costs whoever takes over the shop in the future, an astonishing £215,000 a year to rent.

To Let signs have already gone up above the store and staff have been told that they will be transferred to other sites .

According to a report by OTSNews.co.uk, increasingly high rents on the town centre building had forced the clothing chain to finally throw in the towel.

Plagued by misfortune the store also shut temporarily earlier this year when contractors discovered asbestos in the wall and ceiling.

A spokesperson for H&M said they would not comment.

 

Submit News Contact us with your community, business or sport news. Phone 07581350321

Email ots@otsnews.co.uk

Facebook www.facebook.com/Otsnews-Southport-1575528676012039/

Twitter  www.twitter.com/onthespot_news

Breaking local news as it happens, searchable archives with photographs, the ability to instantly comment on news articles – there are so many advantages to OTS (Onthespot) News.

If you want your news read locally online then send it to ots@otsnews.co.uk – relying only on the newspaper is to restrict yourself to an ever reducing audience.

Comments

comments