A home decor store in Manchester has closed after a rising costs trend hit the business.
The company, Home Decorating UK, said it was closing after a “significant” fall in sales and would be winding down operations.
The store had been open since 2010 and had been operating under the brand “Home Decorators” since 2013.
It had sold over 4.2 million pieces of furniture, a record in the UK.
The business has also been forced to close two other outlets due to the rising costs of the brand.
Home Decors UK said it had been unable to secure new investment as a result of the rising cost of the business, and it was cutting staffing levels. “
Our team will be redeploying and closing our doors in a few weeks time.”
Home Decors UK said it had been unable to secure new investment as a result of the rising cost of the business, and it was cutting staffing levels.
The spokesman said the business had been able to secure “a number of new investment” but the decision to close the store was “a decision that is completely out of our control”.
“We were in the process of being taken over by a partner and they were closing the shop at the end of January, and as a consequence our team will not be able to be redeplanted,” he added.
Home Decorate UK said its “principal customers” were “young, tech savvy and highly educated” and the store would remain open as a “legacy”.
The spokesman added that “we have worked extremely hard to keep this business going, and we are very grateful to all our customers for their continued support”.
He said the store had also received support from the National Union of Students.
The NUS has been “very active in supporting our local business”, the spokesman added.
“The NUS also supports the work of our local council in Manchester, which has helped to save our business from closure.”
He added that the company’s closure had been “a devastating blow to the community”, and “the impact on the local economy is extremely significant”.
‘Extremely damaging’ for business owners “There will be an enormous impact on our local community and on our own business, which is really sad,” the spokesman said.
The Home Decourators brand has been around for over 30 years, but has suffered from “severe decline” in sales, the spokesman explained.
The spokesperson said the “price of furniture has increased by £100,000”, and that the business was “being driven by high demand and high prices”.
He added: “As a result we have been unable – at the moment – to secure any further investment to continue the business in its current form.”
The spokesman also said the company had been asked to close stores in other parts of the country and “it’s clear this will continue to be the case”.