Warehouse in Intu will close - and some stock is being sold off for less than a fiver!

This post first appeared on Derby Telegraph. Read the original article.

A store in the Intu Derby shopping centre which sells women’s clothes is to shut on Saturday.

Intu has confirmed that Warehouse will be closing its store on Level 2 of the shopping centre.

According to Intu, all staff at the shop have been informed of the decision.

Warehouse was among the first retailers to take space at the shopping centre when it first opened back in October, 2007. Back then, the centre was under the ownership of Westfield.

Dresses which once cost £30 are being sold for just £8 as part of the closing down sale

Dresses which once cost £30 are being sold for just £8 as part of the closing down sale

But now, after just over a decade of trading at the centre, Warehouse will be shutting its doors at Intu Derby.

However, customers will still be able to buy Warehouse-branded clothes at Debenhams, which also has a presence in the shopping centre.

Staff at the current Warehouse store are distributing flyers to customers that entitle them to 20% off clothing stocked at Debenhams.

In the meantime, the store is offering huge discounts on its remaining stock, with dresses costing £8 and skirts and tops just £5 each.

Tops are being sold off for £5 and under at Warehouse's Intu Derby store

Tops are being sold off for £5 and under at Warehouse's Intu Derby store

A further 20% off is being offered on these prices, which means savvy shoppers could pick up a bargain for less than a fiver.

In a statement, Intu said: “We are sad to confirm that Warehouse will be closing towards the end of this month.

“But the Warehouse brand will still remain within Debenhams, so will continue to be available within the centre for our shoppers.”

The news comes after research was published last week which suggested that Derby’s retail scene was improving, particularly when it comes to attracting and retaining multiple retailers (chain stores, which have at least five outlets).

Cycle Republic is a 'multiple retailer' that has recently opened a store in Derby

Cycle Republic is a 'multiple retailer' that has recently opened a store in Derby

The study by the Local Data Company, which was carried out on behalf of accountants and business advisers PwC, found that in the first six months of this year, Derby saw 23 openings and 23 closures.

While this presents no net change, the performance compares favourably with the first six months of last year when 11 new shops opened - but 19 closed, resulting in a net reduction of eight.

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Overall, PwC said that the number of chain retail outlets closing in the East Midlands had fallen to its lowest level for four years.

Andy Lyon, partner and head of retail at PwC in the Midlands, said: “The twin canons of increased online purchases and a tough economy have seen many retailers take a long, hard look at their store portfolios.

“There will always be a physical presence on the high street, but developments in technology are accelerating and impacting future staffing and operating models.”