Independent department store Barretts of St. Neots in Cambridgeshire is closing down in January.
Established in 1888, the family-run business at 47 Market Square in the centre of St. Neots specialises in giftware, housewares, toys and stationery.
The retailer posted a message on Twitter which said: “We are closing down. The bank will no longer support us”.
In a statement issued to local newspaper ‘ Hunts Post’, owner Alan Huckle said: “The independent retail sector is suffering some of its hardest challenges to succeed in the present retail economic conditions…. We believe the bank are treating Barretts as just another shop doomed to close.”
Barretts of St Neots was a finalist in the Britain’s Best Independent Department Store category of the Housewares Innovation Awards 2016, organised by Housewares Magazine and www.HousewaresLive.net.