A HIGH street retailer is shutting down another one of its stores after collapsing into administration.
The retailer has battled with falling sales, leading to 440 jobs at risk and a major rescue deal.
Russell and Bromley fell into administration this month, but was bought by Next for £2.5million, which agreed to only keep a few shops running as part of the deal.
The shoe shop, which has seen its products worn by members of the Royal Family, will be shutting its Harrogate brand in 7 James Street.
Shoppers have recently noticed large yellow and black posters inside the North Yorkshire Russell and Bromley.
The posters read: “Store closing down. All stock reduced. 20% off original price – everything must go.”
READ MORE ON UK HIGH STREET
OUT OF STOCK
High street favourite is shutting SIX shops today in fresh slew of closures
CHECKING OUT
Owner of high street retailer with 140 shops calls in administrators AGAIN
Exeter’s High Street has also confirmed its closure. Shoppers can get up to 20 per cent off some sale items.
The brand currently operates 36 stores across the UK and Ireland, however, Next has agreed that it will only retain three Russell & Bromley shops – in Chelsea, Mayfair, and the Bluewater Shopping Centre.
In a statement, Next said: “This acquisition secures the future of a much-loved British footwear brand.”
“Next intends to build on this legacy and provide the operational stability and expertise to support Russell & Bromley’s next chapter, allowing it to return to its core mission…
“The design and curation of world-class, premium footwear and accessories for many years to come.”
Chief executive Andrew Bromley said: “Following a strategic review with external advisers, we have taken the difficult decision to sell the Russell & Bromley brand.
“This is the best route to secure the future for the brand and we would like to thank our staff, suppliers, partners and customers for their support throughout our history.”