Holbeach newsagent McColl's announces closure of High Street store on Friday, September 13
The revitalisation of Holbeach town centre has been dealt a blow after confirmation that a convenience store is to close.
McColl's, of High Street, will shut next Friday, September 13, although no clear reason for the decision has been given.
However, the retailer did reveal that quarterly sales between May and August this year fell by 2.2 per cent due to what McColl's chief executive Jonathan Miller called "a highly unseasonable summer".
A McColl's Retail Group spokesman said: "Having explored all options, regretfully we have taken the difficult decision to cease trading at the McColl’s store on High Street in Holbeach.
"We are saddened to no longer be operating the store and our priority has been to support all affected colleagues."
The store's closure follows a successful bid on behalf of Holbeach for a share of the Government's £1billion Future High Streets Fund.
It could see up to £150,000 of investment to improve transport in Holbeach, as well asconverting empty shops into new homes and workplaces.
Holbeach county councillor Nick Worth said: "This news is especially disappointing at a time when investment is being put into the two large properties next door to McColl's, The Chequers and Petite Street Holbeach children's role play centre (formerly The Bell Hotel).
"The loss of McColl's will leave a large gap there, however, I am pleased that Laddies Famous Ices is taking up the challenge and will continue to sell and deliver newspapers from its shop in Church Street.
"High streets across the country are changing dramatically and this closure just goes to show that, not just in Holbeach but across the country, we cannot rely on leading retail chains but need to look instead to entrepreneurial independent retailers and leisure providers to fill the gaps.
"I am also pleased that South Holland District Council, in partnership with Lincolnshire County Council, has been successful in applying for a grant from the Government's Future High Streets Fund which we hope will give a timely boost at what is a very difficult time for retailers."
Commenting on McColl's latest trading figures which also saw its total revenue fall by 3.6 per cent during the same quarter (May-August) this year, Mr Miller said: "This has been a highly unseasonable summer for the retail sector and our sales performance reflects both this and the ongoing macro-economic uncertainty."