Categorized | Featured, News, Press Release

Store Closure a “Massive Hit”

Chesterfield MP Toby Perkins has expressed dismay that the Town’s historic Co-operative Department Store is earmarked for closure.  

Toby Perkins MP: "“The Co-op is a victim of the government’s continued failure to get growth back into our economy"

Toby Perkins MP: "The Co-op is a victim of the government’s continued failure to get growth back into our economy"

The Midlands Co-Operative Society have stated they took the difficult decision – which threatens 388 jobs and nine stores across the region – due increasing losses in its Fashion and Home operations.

Midlands Co-op Chief Executive Martyn Cheatle said: “Whilst our other businesses have flourished, the Society has been incurring substantial losses from the Fashion and Home operation and, in spite of sustained efforts to improve performance the latest financial projections indicate a further decline with increasing losses in future years.

“Unfortunately, efforts to sell the business as a going concern have proved unsuccessful and, after much consideration, it is with great regret that the Board of Directors has taken this very difficult decision to close the Fashion and Home business.”

Commenting on the closure, Chesterfield MP Toby Perkins said: “This news is a massive hit for Chesterfield.

“The Co-op has been a much-loved stalwart of the Chesterfield high street for generations with many local people being stakeholders in its prosperity through its excellent membership scheme.

“The Co-op, and other household names such as Comet and Jessop’s which have gone bust in recent weeks, are victims of the government’s continued appalling failure to get growth back into our economy.

Mr Perkins added: “I’m now scheduling talks with management and other stakeholders to discern how I can support the firm and workforce.”

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Welcome

I am Toby Perkins, Labour's Member of Parliament for Chesterfield. If you would like to get in touch with me, my office is open and can be reached by phone on 01246 386 286. I also hold regular surgeries so that constituents can meet me and I can take up their concerns. If you would like to make an appointment then please do contact my office. Thank you for visiting.

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Tel: 01246 386286
Email: toby.perkins.mp@parliament.uk
Post: 113 Saltergate, Chesterfield, S40 1NF

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