LIMERICK city centre has suffered a blow with news of the imminent closure of high-profile fashion retailer Pamela Scott, which will cease trading on August 23.
Is it understood that the two-storey premises on Bedford Row has suffered significant trading losses in recent years.
A letter issued to staff at the store gave them two weeks’ notice of redundancy.
Jerry O’Dea, mayor of the metropolitan district, said Limerick City and County Council has been doing what it can to help retailers struggling to pay rates arrears and added of the impending Pamela Scott closure: “In light of all the positive, good news for the city it’s disappointing to see it close. It shows that retail business is still struggling after the recession.”
Pamela Scott stated that the Bedford Row store had incurred trading losses for a number of years and that the situation was worsening, forcing the decision.
However, it is understood that the Pamela Scott branch located in the Crescent Shopping Centre will continue to trade as normal, while the premises in the city centre holds a closing-down sale.
“Limerick City Council do what they can to help businesses,” said Cllr O’Dea. “We have recently passed a motion which gives a 4.5% discount to people who are struggling with arrears.”
The Pamela Scott branch, which will close on Sunday week, is in what Cllr O’Dea described as a “prime location” on the pedestrianised Bedford Row.
He said he was very hopeful that a new tenant would be found for the unit, “given all the positive growth to the city centre” of late.
Meanwhile, there are fears for jobs at the long-running popular nightclub and bar Bentley’s on O’Connell Street.
The property remained closed last weekend and it is understood that receivers have been appointed to the prime piece of city real estate.
Local property auctioneers are also vying to handle the sale of the premises and expect that it may come up for sale in the coming weeks.