The Original Factory Shop (TOFS), a discount department chain with 178 locations across the UK, has listed one of its stores for sale and is preparing to close three additional branches. The Nairn High Street branch in Scotland has been put up for sale on the TSA Property Consultants website, though officials say negotiations with the landlord are ongoing and the closure has not been confirmed.
The Peterhead store in Aberdeenshire is set to close next month, with a staff member indicating the closure will likely occur in June. 'To Let' signs have already appeared above the shop. The Nairn branch opened only two years ago.
In England, the Staveley branch in Derbyshire will close permanently on July 12, while the Milford Haven store on Charles Street has announced its closure with a 30% off closing-down sale. The closures come as part of a restructuring plan by TOFS owner Modella Capital, which is renegotiating rents at 88 stores.
A TOFS spokesperson said: 'Closing stores is always a tough decision, and we are committed to keeping as many stores open as possible. This is, however, dependent on successful negotiations with landlords as we strive to build a sustainable and successful business for the future.'
