Beales and Palmers Stores to Close in the Spring

today21 February 2020 6

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Attempts to find buyers for one of the countries oldest department store chains, has now failed, with jobs losses here in east Suffolk.

It had been hoped that the Beales store in Beccles and Palmers in Lowestoft, would find a reprieve – but Administrators at KPMG have been unable to find
interested parties to buy the stores and keep them open.

The sites in Beccles and Lowestoft are both in prime town centre locations – and echo a theme of high street names that continue to close in a difficult trading environment. 

It had been reported that a
slimmed-down version of Beales could emerge from the administration process – but these attempts have now failed, with the stores expected to remain open for another two months 

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