A STATIONERY retailer is to close its store in Burnley town centre in the New Year.
Ryman, in Market Square, said it was unable to find suitable premises to fit in with plans to redevelop the Charter Walk shopping centre.
Under the proposed £3m. revamp by Charter Walk’s owners Addington Capital, Market Square is to be transformed with the ﬁrst-ﬂoor balcony and staircases outside Ryman, River Island, W.H.Smith and Toymaster removed and the existing shops replaced by three new double height units.
Ryman said the new larger stores would be too big for its requirements. The store currently employs five members of staff who have been asked to consider relocating to another branch.
A spokeswoman for the chain, which is owned by Dragon’s Den star Theo Paphitis, said the current lease will end in January and bosses have been unable to find an alternative site in the shopping centre.
She said: “The landlord made the decision to redevelop the shopping centre which includes converting a number of smaller units into three larger units to attract retailers that require a larger store.
“Unfortunately the current Ryman store – that has a lease that expires in January – has been affected by this scheme. Architects drawings of the new scheme have been available to view within the shopping centre for some time. We have looked at other locations but disappointingly there are no other suitable available units at the present time.
“The store is expected to close in January and the five employees have been advised and asked if they would consider relocating to another store.”
Addington Capital declined to comment.