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Bargain retail chain to shut EIGHT stores in just hours as it launches 70% off clearance sales – is one going near you?

Bargain retail chain to shut EIGHT stores in just hours as it launches 70% off clearance sales – is one going near you?

The Suna day ago

A HIGH street bargain retailer has a staggering 70% off all products ahead of major closures.
With eight stores shutting shop in a matter of hours - here's everything to know so you don't miss out on mega discounts.
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The Original Factory Shop has launched their mega sale onall their products ahead of closures at eight stores on June 28.
It follows closures at stores in both Merseyside and Pembrokeshire.
Earlier this week residents of Heswall in Merseyside and Milford Haven in Pembrokeshire said goodbye to the retailer.
The Milford Haven site had announced its closure in May, informing customers that doors would be closing after 15 years in the town.
It's a period of change for the business with eight stores closing on June 28.
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Every branch closing June 28
Shoppers nationwide will see the impact of the closures as a number of stores are set to shut.
From Perth to Dorset, high street shoppers will be able to get massive savings on garden, household and electrical products.
The eight branches closing on June 28 are:
Perth
Chester Le Street, County Durham
Arbroath, Angus
Kidwelly, Carmarthenshire
Pershore, Worcestershire
Normanton, West Yorkshire
Peterhead, Aberdeenshire
Shaftesbury, Dorset
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Further closures to come
While shoppers in these eight locations only have a matter of hours to make use of the incredible 70% off savings, the discounts will continue in some locations.
The department store announced that 13 stores will be closing nationwide over the summer months.
From June 28, there will have been 10 closures across the country, with three more to come imminently.
Staveley, Cumbria - July 12
Cupar, Fife - July 27
Middlewich, Cheshire - TBC
Shoppers looking for a bargain in Cumbria, Fife, and Cheshire still have over two weeks to make use of the discount on offer before the stores close in July.
The reason behind the closures
Although this may be shoppers first time hearing of the closures of the long-standing bargain retailer, these 13 closures follow the more than a dozen that have already closed their doors in the past 12 months.
The reason for the large scale change to the business comes after private equity firm Modella bought The Original Factory Shop in February.
Since then a business-wide restructuring effort was launched, including the renegotiation on rents for 88 stores.
The Original Factory shop previously announced that "number of loss-making stores will have to close" as part of the restructuring, as reported by The Press and Journal.
It said: "Closing stores is always a tough decision and we are committed to keeping as many stores open as possible.
"This is, however, dependent on successful negotiations with landlords as we strive to build a sustainable and successful business for the future."
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While Modella may not be a household name, they have become an integral of the British high street after acquiring Hobbycraft and WHSmith.

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