Menu

Another store closure in Preston

Posted on - 22nd December, 2012 - 9:10am | Author - | Posted in - Uncategorized

SNV36967

Advertisement

The Thorntons chocolate shop in St John’s Shopping Centre, Preston closes down.

Yet another high street victim of the prolonged economic downturn. Cash-strapped consumers are sacrificing their sweet-toothed cravings in favour of essentials.

Advertisements
Preston Weekender advert

A recent visit found it very busy with shoppers looking for last minute bargains in the final week before Christmas. There are discounts of up to 50% and several promotions.

An upmarket brand name, built over decades, Thorntons used to be the first place to visit for that special chocolate treat or gift. Hit by competition from the Internet, Hotel Chocolat stores and Supermarket own brands together with steep discounting of its chocolate sold in supermarkets, Thorntons have had a tough time recently.

It was announced in 2011 that the 100-year-old company planned to close 180 of its 579 stores over the coming years, mostly when leases expire.

Advertisements

Sales from its franchises were down around one-quarter to £2m this year, impacted by the collapse of Clinton Cards, one of its main franchisee partners, in May. However, a 10% increase in sales to supermarkets and other retailers kept total group revenues in the quarter relatively flat.

Thorntons still have a presence in Preston at Asda supermarket in Fulwood and Fishergate Walk in the city centre.

What do you think about closure of shops in Preston? Are you buying less chocolate due to the economic downturn? Let us know in the comments below.

Share
Advertisements
caritas fostering advert
Preston in pictures Preston bus stationMother & LambMother & LambBritish Home Stores (BHS) in PrestonKashmir Watan FoodstoresMother & LambPreston Street photographyPreston Street photography View more Advertisement Subscribe to the newsletter

Sign up below to receive Blog Preston's email newsletter. It wings its way into inboxes every Sunday and Wednesday rounding up our top stories and more.

Advertisement News by location

Find news by location, select an area of your choice to be kept up to date with the latest goings on.

The Preston Guide

Discover local businesses and services near you.

    Advertisements
Advertisement Categories

Find news by category, select an category of your choice to be kept up to date with the latest goings on.

Blog Preston email updates

Receive our digest of the biggest and best stories every Sunday to your email inbox

We respect your privacy and you can unsubscribe at any time from our emails