CURRYS in Louth – the first one to open in Britain - is closing after 102 years.
The store in Eastgate will shut on Saturday May 27, unless all the stock is sold before then.
Louth Town Councillor Trevor Marris said: "It's a shock they are going. I'm very disappointed.
"I believe they didn't want to renew the lease because the shop needed some work.
"It's a shame they didn't stay in Louth and get new premises. They will be missed, they had a lot of loyal customers in Louth."
Adrian Budd, spokesperson for Louth Chamber of Business, said: "I think it's an early warning sign and we need to keep up to date and monitor some of these empty shops.
"I feel we need to look at areas to bring interest into the town and to promote Louth."
The store employs six staff who have been given the option to relocate to other Currys stores. The nearest one is in Grimsby.
Currys started life in the town back in 1904 as a cycle shop called Louth Cycle Company.
They started selling electrical goods and developed into the national Currys chain with stores across the country.
The original premises were at 106 Eastgate which is now occupied by John Anthony Fine Shoes.
Currys has been at its current premises for 27 years.
A spokesperson for the company said: "The lease on that property came up and we are not planning to renew it.
"It is purely a business decision that has driven this."
Rod Lawson, manager of Greenwoods menswear in Eastgate, said: "It's very disappointing they are going, I think bigger stores should support towns."
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