Heart of England Co-op to close store in Rugby

Heart of England Co-operative Society's non-food stores in Rugby will be closing
Heart of England Co-operative Society's non-food stores in Rugby will be closing

The Heart of England Co-operative Society has announced it will be closing its electrical and furniture store in Chapel Street, Rugby.

After reviewing its non-food operation, the board has decided to cease trading in the sector.

This means stores in Rugby, Leamington Spa, Nuneaton, Bedworth, Atherstone and Hinckley will be closed in stages.

A Heart of England Co-operative Society spokesperson said: “In August of this year the Heart of England Co-operative Society announced that it had agreed terms and exchanged conditional contracts with EDG Property for the sale of its Coventry department store. The store will close on October 24 2015.

“The development follows the Society’s decision to market the property and staff were advised in January that property consultants Bruton Knowles had been instructed to carry out a market evaluation of the Corporation Street site.

“As part of this process, the Heart of England Co-operative Society board took the opportunity to review the future of our non-food operation as a whole. As a result of this review, the board has now taken the decision that, over the coming year, the non-food division will cease to trade.

“This will mean the closure, on a phased basis, of our non-food stores in Nuneaton, Bedworth, Atherstone, Hinckley, Rugby and Leamington Spa.

“It is a decision which has by no means been taken lightly, however the retail environment has become increasingly challenging and this, coupled with the growth in online shopping, has meant that our non-food division is no longer viable as a business.

“Its closure will enable us to invest in the profitable areas of the business, namely food and funerals, to ensure that the Society has a sustainable future and continues to service the needs of the local community as we have over the past 180 years.”

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