A MAJOR high street retailer will pull the shutters on a shopping centre location today.
It marks the latest in a string of closures for the struggling stationery chain.
A major British stationery chain is closing its location at Thistles Shopping Centre in Stirling Credit: Google maps
TG Jones is set to close 150 locations as part of a rescue deal announced earlier this month (stock image) Credit: Getty
TG Jones will close its branch at Thistles Shopping Centre in Stirling later today.
The closure comes after the retailer was “not able to find an alternative location“, reports the Daily Record.
Sign up for the Money newsletter
Thank you!
TG Jones has been on the “brink of collapse”, with 5,000 jobs at risk, with millions owed suppliers and the taxman, as well as hefty outstanding business rates.
Earlier this month, the brand was saved from administration, with a rescue deal outlining the closure of 150 locations.
TAKE A HIKE
Major UK outdoor chain launches ‘closing down’ sale after more than 50 years
SALE AWAY
Beloved UK furniture brand launches 70% off ‘closing down’ sale after 90 years
The Thistles closure will also see the shuttering of the in-store Post Office service.
TG Jones was created by private equity firm Modella Capital through the bought £76million purchase of WH Smith’s high street estate.
While the retailer operates 480 stores across the UK, the Thistles branch was the only one in the Stirling area.
The next closest store is in Kirkintilloch, a 23 mile-round trip for Stirling residents.
A spokesperson for TG Jones said: “We can confirm that we will be exiting our store in Stirling on 11th July.
“We have not been able to find an alternative location and are working with the Post Office as they seek a new partner for Stirling.”
