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Jobs at risk as Downtown plans Boston store sale

Source

www.bbc.co.uk

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Google view of the exterior of the Boston Downtown store. The lower half of the building is brick with large white panelling above. The Downtown logo can be seen on the side of the building, along with advertisement boards.

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Jobs at risk as Downtown plans Boston store sale

Overview

Oldrids & Co Ltd, operating as Downtown Stores, has announced plans to sell its Boston site at Wyberton Chain Bridge, putting jobs at risk and leading to expected redundancies. If the deal proceeds, the site will be converted into multiple retail units. The company's online operations and Grantham store will remain unaffected, and the Boston store will continue to trade normally during staff consultations and discussions.

Key points

  • Oldrids & Co Ltd is in advanced discussions to sell its Downtown store site in Boston, Lincolnshire.
  • Redundancies and job losses are expected, subject to staff consultation and planning approval.
  • If finalised, the site will be converted into several retail units, with completion not expected before March 2027.
  • The company's online operations and Grantham store will continue to operate unaffected.
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