The Bournemouth-based retailer collapsed into administration last month, and on Friday it was announced that 12 of its 23 stores would close. Sunday, 16th February 2020, 6:00 am Exteriors of Beales store, Westgate which is holding a closing down sale The store, which opened in Park Road, Westgate, nine years ago, will … The 139-year-old retailer went into administration last month and soon after announced plans to close 12 of its 23 shops. The closure comes after the department store chain reported losses of £3.1m for its last financial year despite the efforts of the focused management team to turn round the 23 high street stores across the UK. Beales employs about 1,000 people. On the same date, the beales.co.uk customer-facing website also went offline. Does playing games damage computers and laptops? Beales was established by John Elmes Beale when he opened a store, initially known as a Fancy Fair and Oriental House, on Old Christchurch Road in Bournemouth, Dorset. Beales began trading in Bournemouth in 1881, but has now fallen victim to the UK’s dying high streets. hulldailymail Beales, which began trading in Bournemouth in 1881, has appointed KPMG's Will Wright & Steve Absolom as joint administrators. At the time of entering administration, Beales had 23 stores and employed in excess of 1,000 people whose jobs are at risk. The first Beales store opened in Old Christchurch Road in Bournemouth, Dorset in 1881 2016: Beales won creditors’ backing for a CVA, enabling it to negotiate rent cuts and close unprofitable stores. We offer fast delivery accross all departments and you'll always get great service whether you buy instore or online. Bournemouth-based department store chain Beales has confirmed it is looking for a buyer, just a week before Christmas, as the sector continues to struggle amid tough trading conditions. KPMG, who were brought in … The high street is going through huge change.”. "It is anticipated that these stores will continue to trade, running closing down sales for around eight weeks. Speaking about the overall state of the high street, Dorset Chamber chief executive Ian Girling said: “For some time now the high street has been hit by a perfect storm of changing consumer tastes and habits, the rise of online shopping and longstanding problems with business rates. All rights reserved. Beales closures: Full list of shops at risk as department store enters administration Beales department stores have gone into administration, putting the future of the 140 year old chain under threat. As a result, it was drafting a closure plan for a dozen stores, which would affect about 500 staff. Beales, which has three locations in Cambridgeshire, could be going into administration. Dorset Chamber, with more than 700 members representing 37,000 employees, has offered support to Beales through the British Chambers of Commerce, which has been campaigning on business rates at a national level. The administrators said stores earmarked for closure would continue to trade, with closing … A further 20 members of staff at Beales’ Bournemouth head office have been made redundant. non-members. ‘Closing Down – Everything Must Go’ signs were plastered across the stricken department store chain’s 22 stores – including one in Kendal – along with its website shortly after it was announced the company had been put into administration. It has 22 stores which face closure with the potential loss of 1,000 jobs. The stricken department store chain Beales is to close more than half its shops in the latest blow to the UK’s struggling high streets. It has been confirmed today that the Bedford branch of Beales will close within eight weeks, despite the joint administrators saying that they are still in discussions with interested parties regarding the sale of the remaining stores. Beales, which has three locations in Cambridgeshire, could be going into administration. Beales began trading in Bournemouth in 1881 but is now at risk of going bust The name has been synonymous with Bournemouth since 1881, but the administrators KPMG who were brought in to save the department store chain on 20th January this year, have confirmed the Bournemouth store is one of 12 to close. Beales in Worthing is to close "As a result, the joint administrators are now in the process of developing plans with store directors and management teams to implement the closure of 12 stores. Staff would be retained to help with trading over the coming weeks, KPMG said. We offer fast delivery accross all departments and you'll always get great service whether you buy instore or online. Beales department store goes into administration closing 22 branches and putting more than 1,000 jobs at risk. However, in December the business put itself up for sale, warning it faced “exceptionally challenging times”. In addition, a further 20 members of staff have been made redundant from the Beales head office in Bournemouth. The first Beales store opened in Old Christchurch Road in Bournemouth, Dorset in 1881 2016: Beales won creditors’ backing for a CVA, enabling it to … The department store has 23 shops up and down the country. The department store has 22 locations across the country, with its flagship store in Bournemouth. Mr Girling is set to write to Chancellor Sajid Javid and Dorset MPs but is also drafting in support from the British Chambers of Commerce (BCC). The administrators said stores earmarked for closure would continue to trade, with closing-down sales for about eight weeks. For more information visit us at www.Beales.co.uk Last modified on Fri 7 Feb 2020 13.55 EST. Beales to close its final stores after sliding into administration. Beales closing all its stores permanently two weeks early The 139-year-old business employed approximately 1,050 people before announcing its first closures. In the 1980s Nigel Beale, grandson of the company’s founder, led the company. Registered in England. Beales claims to be the first department store in the world to feature a live Father Christmas character, dating back to 1885. Dorset Chamber continues to support over 160 businesses signing up for the Kickstart scheme, Chamber Networking Events bringing real results to Dorset Firms, What Does 2020 Hold for the Dorset Property Market. Two of the 23 Beales stores – in Hexham and Great Yarmouth – have already closed. It expanded to 23 department stores, from the Lake District to Norfolk and the home counties, selling furniture, fashion, toys and cosmetics. A statement from the joint administrators, KPMG, said, “It is anticipated that these stores will continue to trade, running closing down sales for around eight weeks. "However, with no deliverable offers received for the business to date, it is with regret that the administrators announce that they are commencing preparations for the closure of the remaining 11 stores and associated stock liquidation. Beales Bournemouth . Location. Closing times when nearest shop is open and closed on weekdays, weekends, holidays, late … Telephone. The 139-year-old business, which began trading in Bournemouth in 1881, collapsed into administration in January after it was unable to secure a last-minute buyer. The original store was bombed in the second world war but rebuilt on the same site on Old Christchurch Road, Bournemouth. Bournemouth. // Beales fell into administration on January 20 Beales is set to close its remaining 11 stores, after no “deliverable offers” have been received. The 138 year-old Bournemouth-based company is working with KPMG to explore refinancing options, Sky News learns. In addition, a further 20 members of staff have been made redundant from the Beales head office in Bournemouth. The final 11 Beales department stores are set to shut, putting hundreds of jobs at risk. “The face of retail is undoubtedly changing as we see different types of experiential businesses emerge and grow, such as tattooists, barbers and coffee shops. The former Westgate department store, Lowestoft. On 7 February 2020, it was announced that Beales was closing … Established in 1949, our aim is to focus entirely on our members, delivering first class services to help businesses grow and prosper and leading business in Dorset. The closure of Debenhams would deal a major blow to the town centre, which has already lost a huge department store this year with the demise of Beales in March. Department store chain Beales starts festive financing talks. Frank Beale trained at Macy’s in New York before returning to lead the company. - … However, with no deliverable offers received for the business to date, it is with regret that the administrators announce that they are commencing preparations for the closure of the remaining 11 stores and associated stock liquidation. Available for everyone, funded by readers. With a closing down sale now under way, Tony Brown, chief executive for Bournemouth-based Beales, said no jobs would be lost. There will be no immediate closures and Beales stores will continue to trade, although the website is offline. “There is currently no intention to implement closure plans for the remaining 11 stores, which will all continue to operate as usual until an outcome with regards to a sale of the business is clarified,” said KPMG. [19] On 18 February it was announced that, although negotiations with a number of parties were continuing, the remaining 11 stores would close within the following 8 weeks selling their remaining stock. BH1 1LJ. On 7 February 2020, it was announced that Beales was closing 12 stores, due to failure to sell the chain as a whole. In addition, a further 20 members of staff have been made redundant from the Beales head office in Bournemouth. Opening Hours. 36 Old Christchurch Road. Its rivals Debenhams and House of Fraser have undergone an emergency financial restructuring, while in recent weeks Mothercare and the toy chain Hawkins Bazaar have closed their UK stores. 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