Third Town Centre Shop Announces Closing Down Sale

A Wrexham clothing store has launched a closing down sale – the third to do so in Wrexham this month.

Those walking through the town centre today will have noticed that Store Twenty One on Regent Street had placed ‘Closing Down Sale’ signs in its windows.

The store, which specialises in clothing and homeware, has been a regular fixture on many high streets in the UK for several years, having evolved from a manufacturing business in the 1930s – to a retail clothing store.

Store Twenty One’s closure comes less than two years after opening in Wrexham.

Earlier this month it was announced that the brand risked falling into administration and that options such as attracting fresh investment, a CVA (Company Voluntary Agreement), a possible sale or debt / equity swap were being looked into to help save the company.

Yesterday The Guardian reported that Store Twenty One was pursuing a CVA, a form of insolvency proceeding.

Currently Store Twenty One has over 200 shops across the country and sells fashionable clothing and accessories for men, women and children.

The store closure will come as further blow to Wrexham’s High Street, with Peacocks, also on Regent Street launching a closing down sale over the weekend.

It will be the second time Peacocks has left Wrexham in the past three years.

A large section of retail space will also be vacant on Henblas Street, with BHS confirming earlier this month that its 163 stores will be closing after the company entered into administration.

(Pic: The store window this morning in a very rainy town centre)