No closure date announced for King’s Lynn Beales

Closing down signs at Lynn's Beales store
Closing down signs at Lynn's Beales store
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Hopes are high to find a new tenant for a prominent Lynn town centre shop when a retailer departs later this year.

Shockwaves were sent around the town earlier this week when Beales announced it would be closing its Broad Street store.

No date has been announced for the closure but the firm says it will not be renewing the lease, which runs out in December.

A total of 38 people are employed at the store.

A company statement issued on Monday said: “Beales confirms that its store in King’s Lynn is due to close. The store is currently running a closing down sale.

“The lease for the store expires in December 2016 and a decision has been taken by the board not to renew.

“Beales currently employs 25 staff at its King’s Lynn store and a further 13 staff are employed by concessionaires.”

Earlier this year, the Beales Department Store group announced plans to seek a Company Voluntary Arrangement (CVA), to renegotiate leases which it claimed were no longer sustainable.

The store is part of the Vancouver Quarter and managers are disappointed with the closure decision.

Centre manager Abbie Panks said: “We are disappointed to learn that despite supporting the store during its CVA, Beales has taken the decision to include Lynn in its store closures.

“The store has been part of the town for over 30 years and

“It is far too early to speculate on what will happen with the unit, our focus will be on supporting the staff over the coming months.”

But Miss Panks says the rental market has picked up and is hopeful the unit will attract interest.

Hopes are also high for an empty property in the Vancouver Quarter.

Viewings have picked up for the former JD Sports site, close to the Sainsbury’s supermarket.

The site has stood empty for a number of years after the brand decided to close this store.

Miss Panks said the town remains attractive to retailers.

She said: “Footfall numbers are strong for the size of the town and the stronger the footfall the more likely bigger brands are to look at King’s Lynn as a viable town for them.”