59 jobs at risk as Co-op stores in Coalville and Wigston face closure
Another 59 Leicestershire shop jobs have been put in jeopardy today after the closure of two department stores was announced.
Midlands Co-op said it planned to shut its fashion and homeware outlets in Bell Street, Wigston and Belvoir Road, Coalville.
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The Co-op department store in Coalville
The organisation is looking to close nine of its department stores across the Midlands, putting a total of 388 jobs at risk.
Managers said they have begun a 90-day consultation with affected staff. There are 47 employees at the Wigston store and 12 in Coalville.
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A spokeswoman said it was hoped the Wigston site could be put to another use by the Midlands Co-op. She said there were no plans to close the post office inside the Wigston store.
Today's announcement comes after dozens of retail jobs in the county were put at risk last week after entertainment chain HMV and DVD rental group Blockbuster went into administration.
Administrators today said they will close the Blockbuster store in Beaumont Leys, Leicester in the next few weeks with the loss of about five jobs.
Earlier this month Leicester-based camera chain Jessops closed all of its 187 stores with the loss of about 1,500 jobs, including 177 in the county.
Martyn Cheatle, Midlands Co-op chief executive, said: "Major changes in the retailing sector and the ever increasing growth in online shopping over recent years have created significant and fundamental challenges for the society's fashion and home business.
"While our other businesses have flourished, the society has been incurring substantial losses from the fashion and home operation for more than a decade and in spite of sustained efforts to improve performance, the latest financial projections indicate a further decline with increasing losses in future years."
"Unfortunately, efforts to sell the business as a going concern have proved unsuccessful and after much consideration it is with great regret that the board of directors has taken this very difficult decision to close the fashion and home business. Please be assured this decision was not taken lightly and was necessary to protect the long-term future and growth of the society as a whole."
The closures do not affect the Co-op department store in Hinckley, which is run by the Heart of England Co-op Society. The Co-op food stores in South Wigston and Coalville are also unaffected by the announcement.




13 Comments
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by LaPetomane
Tuesday, January 22 2013, 5:50PM
“@karinfall, yes, I agree, I just said that we all ideally want the shops AND to save money, the overheads cost I appreciate. I would gladly pay a small premium to be able to buy in a shop, but often the range of goods is restricted compared to the internet, and the prices are considerably dearer. If I went to buy a TV I wouldn't mind paying an additional £25, but it can be £200 difference! If you think about the small range in somewhere like the Co-op, you would also probably find they didn't have the model you wanted in stock. However, i feel very sorry for the staff and can only imagine in the co-op like so many workplaces before and those to come, the staff must be devasted.”
by Bob491
Tuesday, January 22 2013, 1:34PM
“Who but the wealthy can afford to replace many home furnishings these days. And the wealthy don't shop in town centres do they.
This reckless austerity which is hammering the unwealthy whilst continuing to push up debt has a lot to answer for.”
by 4_Stroke
Tuesday, January 22 2013, 6:51AM
“I wonder what will replace it, another charity shop I supose! Thats all the seem to get to fill empty shops on Wigston these days”
by karinfall1955
Monday, January 21 2013, 11:30PM
“@LaPetomane. But of course goods are more expensive in stores. They have what are known as 'overheads' heating, wages, lighting etc. If you enjoy the shopping experiences (and I do appreciate some don't) then it is worth paying a bit extra. Wasn't it Oscar Wilde who said nowadays we know the price of everything and the value of nothing. Only when we have tumbleweed blowing through our shopping centres will we appreciate what we have lost. You may well save a few pounds but at what cost?”
by LaPetomane
Monday, January 21 2013, 10:24PM
“Shame, another decent quality store to close, but the honest answer has to be that less and less of us are using these stores and look for cheaper online.
However, another way of looking at it is that many stores ripped us off for years. Years ago you only knew the price of goods locally by walking around comparing stores or newspaper ads. Now over a coffee at home, in seconds you can find a good price at reputable internet retailers and realise that you can save not just pence or a few pounds, but sometimes literally hundreds of pounds and realise that even sale prices at Jessops, the Co op or wherever are still dearer than normal prices at Amazon or wherever. Sad but true.
I feel sorry for the staff and sorry for our villages, towns and cities, but most of us want a wide choice of goods, not just a few items in a store and we want keen prices. Sadly all our towns are looking grey and run down, boarded up shops, charity shops, pound shops and a particular chain that sells hot pasties and sausage rolls for mums that don't know the right way to feed their kids.”
by llamalamb
Monday, January 21 2013, 8:36PM
“Of course this is nothing to do with the current economic climate is it?
To suggest that will get all the local Tory supporters excited and posting here.”
by frogman9
Monday, January 21 2013, 8:31PM
“Another nail in the coffin for Coalville ....another empty building along with Woolies, The Pick And Shovel and of course the Tesco scam which the local people could see coming but our elected leaders were led right down the garden path...heads should have rolled as they lost the town 400 badly needed jobs.”
by georgeisafish
Monday, January 21 2013, 7:40PM
“this is bad news, like karinfall 1955, i couldnt fault the staff. even staying late, on christmas eve to allow collection of a large boxed tv”
by benhop
Monday, January 21 2013, 6:59PM
“@meme-monroe - the bit you got wrong has since been corrected after I made my orignal post - which said Blaby Road, Wigston and not Bell Street, Wigston which it now says.”
by meme_monroe
Monday, January 21 2013, 6:32PM
“tom and ben thats what the mercury said.
Midlands Co-op said it planned to shut its fashion and homeware outlets in Bell Street
not sure what bit you think we got wrong”