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Gifts Today March/April 2020 issue online

18th March 2020

Our spring issue is here, accompanied by our annual Home Fragrance supplement

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Eleven remaining Beales to close

Final locations will close down in phases after KPMG fails to find a buyer for the historic department store group

The 139-year-old retailer last month fell into administration and appointed KPMG to find a route forward.

The retailer closed 12 of its 23 stores and cut staff from head office jobs, but will now be forced to turn out the lights for good after efforts to find a buyer had yielded “no deliverable offers”.

KPMG says in a statement it is 'commencing preparations for the closure of the remaining 11 stores and associated stock liquidation'. Extant stores will continue to trade for around eight weeks to run closing down sales.

The final 11 stores set to close are:
  1. Beccles
  2. Chipping Norton
  3. Diss
  4. Fareham
  5. Great Yarmouth
  6. Kendal
  7. Lowestoft
  8. Poole
  9. Skegness
  10. Southport
  11. St Neots

Will Wright, partner at KPMG and joint administrator, said the collapse had been sparked by climbing business rates and limp Christmas sales.
But he said he still hopes to find a buyer: 'We understand that the failure to achieve a sale so far will come as disappointing news, but can assure them that we will continue in our efforts to secure some form of positive outcome.'

Should a sale remain elusive, stores will close down in phases depending on sales. Twenty further roles have also been axed at the Bournemouth head office.

'We’d like to thank all Beales employees for their wholehearted support and assistance during the administration process,' Will adds.

A message on the Beales' website alerts customers to a stock liquidation where ‘everything must go’. The fire sale is in-store only, and currently on going at all 23 locations.

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