Jobs under threat as retailer announces St Helens branch closure

St Helens Carpetright to close
St Helens Carpetright to close

The St Helens branch of a once booming retail store is earmarked for closure just weeks after the company announced serious financial difficulties.

Carpetright, on Ravenhead Retail Park, is to cease trading after the company revealed plans to close another 81 stores nationwide.

The chain said that, overall, 92 sites had been earmarked for closure, although 11 have already stopped trading, with the rent on another 113 set to be slashed under the company voluntary arrangement (CVA) proposals being put to landlords.

Carpetright bosses say the company hopes to relocate staff where possible.

The group - which employs nearly 2,700 staff in total - also confirmed an investor cash-call to raise around £60 million through a rights issue to put the company on a firmer financial footing.