Greenwoods in Bangor looks likely to close after it started a closing down sale. The Bangor store has ‘Store Closing’ posters in its windows and all clothing is substantially reduced in the sale.
Greenwoods Menswear went into administration in September and its shops have been under the threat of closure ever since. No closure dates have been set for any Greenwoods shops as the administrators are still looking for a buyer.
Staff at the Greenwoods store in Bangor confirmed the store is likely to close, but didn’t know when.
Adrian Berry from administrators Deloitte, said: “We are currently assessing the options available to the company, including a potential sale of the business, and are continuing to trade it in the meantime.
“No redundancies are being announced at this stage and we are grateful to the employees for their support at this difficult time. This is a challenging time for the UK retail sector, which has affected the company.”
Greenwoods has 63 stores across the UK. The company has its headquarters in Bradford and employs about 318 people. It has an annual turnover of £20m.
Although its shops remain open, Greenwoods’ website has been taken offline and the outfit hire part of the businesses is no longer operating.
The clothing Greenwoods hired out was owned and supplied by a third party called ACS Clothing, which is no longer supplying Greenwoods. ACS says it is working with customers directly regarding the completion of any unfulfilled Greenwoods’ orders.
Joni O’Brien, UK sales director of ACS, said: “We’re working round the clock to make sure every outfit for every function is sent on time and no one is let down.”
Greenwoods was founded in 1860 as a hatter’s shop in Bradford.