The Original Factory Shop announces closure in Shildon
The Original Factory Shop, in Shildon, confirmed the news on social media last Friday (January 30), announcing that the popular store is closing.
Posting on Facebook, the store said: βThis store is closing down.
βEverything must goβ¦ up to 50 per cent.β
The closure comes shortly after the company announced it had entered administration last month, putting 1,180 jobs at risk.
Administrators from Interpath Advisory were officially appointed on Wednesday, January 28.Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β Β
Stores will continue to trade while insolvency experts explore options in a bid to keep it afloat.
Rick Harrison, managing director at Interpath and joint administrator, previously said: βThe Original Factory Shop has long been a cornerstone of local high streets up and down the country.
βUnfortunately, however, trading challenges have impacted the business such that the company had to be placed into administration.β
Following the announcement, customers were quick to take to social media, saying they were βvery sorryβ to hear the news.
One person said: βReally sad news for the town, I hope that another store can take its place, hoping that the staff can find alternative employment.β
Another added: βSuch a shame. We are going to miss this shop in Shildon, thereβs not many shops left now.β
Claire’s Accessories – which has 156 stores in the UK and Ireland, including two in Norwich, also appointed administrators last month.