Clinton Cards in Thornbury is set to close within months

Profile image for Trucks79

By Trucks79 | Saturday, June 02, 2012, 21:03

Staff at Clinton Cards in Thornbury have today confirmed that the Thornbury store has been highlighted as a store due to be closed by the administrators acting on behalf of the company.

Already a massive sale is underway in the Thornbury store and staff today confirmed that they expect the store to cease trading sometime in August however no final date has been given by the administrators.

Peter Saville, Simon Freakley and Anne O'Keefe, Partners at Corporate Advisory and Restructuring specialists Zolfo Cooper, were appointed Joint Administrators over Clinton Cards Plc and its subsidiaries, including Birthdays Retail Limited, on 9th May 2012, this appointment led to the closure of a number of Clinton Cards stores including 25 Birthdays

Administrators have stated that the decision regarding the remaining Clinton Cards branded stores will be finalised over the coming weeks and some stores currently earmarked for closure may remain open or continue to trade for longer than initially envisaged.

Further store closures across the remaining Birthdays estate and certain Clinton Cards traded stores are expected in the forthcoming weeks, although this remains subject to a number of ongoing discussions with landlords and interested parties

Peter Saville, Joint Administrator and Partner at Zolfo Cooper said "Since our appointment, we have been seeking to preserve value and sell the core underlying business as a going concern. We have received expressions of interest from a number of third parties and are confident that the remaining retail estate will be better placed going forward. It appears unlikely, however, that we will be able to find a buyer for the majority of the Birthdays stores and our analysis highlights that we cannot justify continuing to trade certain Birthdays and Clinton Cards stores into June. As a result, there was no alternative option but to close these 44 stores in May."

"We are fully aware of the impact these closures will have and are working with a number of relevant agencies and third parties to assist employees affected by the store closures. We would like to take this opportunity to thank all employees for their professionalism and dedication during this difficult time."

The news of the store closure and job losses come as two new stores plan to open in the Town.

      

Comments

       
  • Profile image for marlyn

    Yes..and certainly we will go in there. The people that own both shops are really nice people, very helpful. Its just that we had already walked up to their top shop! As for Yate...yes agreed, it is a much bigger area and shopping centre but Thornbury should learn from that. If they introduced more shops in Thornbury then it would bring more people in? Sadly it seems these new shops open to take advantage of any rent discounts for the first year etc., only to close when the rents go up.
    I for one really miss the craft shop that was at the top of the High Street..that closed down for two reasons, the main one being the huge increase in the rent for the next lease that they had to sign. As for the wool shop that has just opened, havnt had the chance to go in there yet but I certainly hope its not just knitting wools..and they have taken advantage of the fact that we do not have a craft supplies in Thornbury any more? Will check that out tomorrow.
    What I do think is a total waste of what could be a superb shop is the old Book Shop which is now a charity shop of all things! Again...only rented because they have a reduced rent! And people wonder why shoppers go to Yate or Cribbs! There's only so many cups of coffee you can drink..and only so many charity shops you can visit..we need shops to bring people to Thornbury.

    By marlyn at 15:17 on 10/06/12

      Report
              
     
  • Profile image for thornbuyer

    Isn't it better than having a empty shop though? Won't you go there to their new shop to get your cards next time as you know about it now?

    By thornbuyer at 13:38 on 10/06/12

      Report
              
     
  • Profile image for thornbuyer

    Yeah that's True but it's because people are just not interested! Yate is a much bigger area and a regional shopping destination for that side of Bristol so suppose they have more people wanting to do things!

    By thornbuyer at 13:31 on 10/06/12

      Report
              
     
  • Profile image for marlyn

    As for W H Smith..lets see how long they stay! Much the same as the Discount store opening a shop especially for birthday cards etc., The other day I walked up the High Street with my 83 year old mother.....got to 'Jasons' as we all still call it....only to find they had no cards as they have moved them all further down the High Street to their new shop! Needless to say they lost a sale as we had no intentions of walking back down there!

    By marlyn at 13:29 on 10/06/12

      Report
              
     
  • Profile image for marlyn

    Hmmm agreed...but its not only the shops at Yate, their social callendar, always something going on there? I remember a time there were things going on in our precinct most saturdays..even if was Morris Dancers. We just dont seem to have the same enthusiasm in Thornbury as what they have in Yate.
    Look at the Jubilee celebrations! How can we have bunting across the High street for festivals..yet take it down a couple of weeks prior to the Jubilee? There were a handful of shops that celebrated...but there were a lot that didnt. As for the Turnberries 'street party'..dont get me started!! Abysmal is all I will say on that score

    By marlyn at 13:27 on 10/06/12

      Report
              
     
max 4000 characters
        
   

Local Jobs

       
   

Search for...

       
        
Min price is bigger than Max price
        
Min price is bigger than Max price
        
Min rent is bigger than Max rent