Queens of Weymouth jewellers in Dorset has introduced that it’s closing after three years of operation.
A press release on the corporate’s web site stated that the store was closed however will reopen for a closing down sale on 1 March.
The jewellers, owned by husband and spouse duo Dean and Sue Metcalfe, expects the closing down sale to final three or 4 weeks.
Dean Metcalfe stated to the Dorset Echo: “We’re closing after three years. Our first 12 months was actually optimistic, the second a lot much less and the third has seen a large decline in purchases.
“The rationale for this decline is that we and different retailers are placing it right down to all of the negativities of the financial system like utilities and mortgage charges rising quickly which has put individuals off shopping for extra luxurious purchases.”
He added: “The difficulty is that after we opened, everybody had simply come out of Covid. We thought that commerce was regular and that it was going to enhance. Folks say that it’s the identical in all places – individuals who are available typically say that they aren’t from spherical right here or native individuals who say however we don’t come into city except we now have to.
“Clients inform us that the demise of Debenhams had a huge impact in town however there have been numerous different closures as properly, together with extra just lately Wilko.”