Saving of Louth Clinton Cards store is ‘very good news for town’

Clinton Cards in the Market Place, Louth.
Clinton Cards in the Market Place, Louth.

STAFF at Louth’s Clinton Cards have breathed a welcome sigh of relief after learning that the store is not among the 44 earmarked for imminent closure.

The chain fell into administration earlier this month and staff had waited anxiously to hear their fates after administrators Zolfo Cooper announced around 200 Clinton Cards and 150 subsidiary Birthdays stores would go.

Last week the firm released the initial list of stores that faced immediate closure and Louth’s was absent from the list, saving six jobs in the Market Place outlet.

But more than 300 stores still look destined for closure as the company looks to shore up its finances, with the rest being announced in the coming weeks.

A statement confirmed that more jobs would be lost in the coming weeks, adding to the near-400 already affected across the country to take the total to around 2,800.

Peter Saville of Zolfo Cooper said: “Since our appointment, we have been seeking to preserve value and sell the core underlying business as a going concern.”

Sixty six jobs also went at Clinton Cards’ head office in Essex.

It is believed rival companies including WH Smith are looking at taking over some of the stores but as yet no move has been made.

Sue Locking, President of the Louth Chamber of Trade, commented: “This is very good news for the town, the less closed shops we have the better.

“It’s good that a store of that size won’t be sitting empty.”

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