Clinton Cards prepares for final day of trading in the Quays

Newry Times News Posted by
info@newrytimes.com
Thursday, July 5th, 2012
Business, News

Local people working in the Clinton Cards store in the Quays in Newry are coming to terms with revelations today that their store will close tomorrow (Friday, 6th July).

Clinton Cards will cease trading in its Quays store tomorrow

Newry Times exclusively reported back in May that Clinton Cards’ two stores in Newry were being considered as possible options for closure so the news today that one of the two local branches will close will be seen as inevitable given the current problems of the company.

Clinton Cards, who operate a store at Newry’s Buttercrane Shopping Centre and one at The Quays, employs around 8000 people throughout the UK and is the biggest card retailer and also owns the Birthday’s chain of stores.

The announcement has not come as a surprise to most and in March 2012 Clinton Cards reported a loss of £3.7m in the six months to the end of January 2012 and claimed their outlook for 2012 was bleaker than what they had anticipated. The company said Barclays Bank and Royal Bank of Scotland had sold its loan facilities to American Greetings.

A statement from the company today said: “The Joint Administrators are still focusing their efforts on the stores identified as part of the closure programme announced on 16 May 2012.

More on this story:

Local jobs could go as cards chain announces administration possibility


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