DERRY has been dealt another jobs blow with the announcement today that Carpetright is to close its Derry store.
The store at Crescent Link Retail Park is one of 92 stores being shut in the North of Ireland and across the UK with the loss of 300 jobs.
Carpetright recently said it had started talks with lenders to ensure it does not breach the terms of its bank loans.
The chain is planning a company voluntary arrangement (CVA), which will allow it to shut the worst-performing stores and ask for rent concessions on another 113 sites.
It is the latest in a long list of businesses to run into trouble.
Retailers are being pummelled by a range of problems, including a shift from High Street shopping to online, as well as consumers having to tighten their belts with inflation outstripping wage growth.
Shares in Carpetright fell 16% to 35p in morning trading.
Carpetright has been struggling with underperforming outlets which have made its rental costs harder to shoulder.
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