The future of a discount store branch is under “thorough review” after experiencing rising costs and diminishing sales, bosses have said.
Trago Mills chairman Bruce Robertson said management was consulting with staff at the Falmouth branch in Cornwall to find “an amenable solution” after six-figure deficits had continued.
The firm said the combination of high energy and taxation costs and “at best, flat sales” had led the business “to a point where it cannot continue to absorb the Falmouth store’s losses any longer”.
Mr Robertson said “under-performing departments and peripheral activities” of the shop on Arwenack Street would be examined.
Mr Robertson said it had been “both a privilege and a pleasure” to have been in Arwenack Street in Falmouth for more than 50 years.
“Sadly, the passage of time has left the retail landscape virtually unrecognisable and whilst the store has survived far longer than many, its options are limited,” he said.
He said the team’s passion was “undiminished, as for ourselves, Trago is as much a way of life as a business”.
“Heart may have ruled head on occasion, we have continued beyond where others have chucked in the towel, but now we must address the present,” he said.
Trago Mills has three other stores in Liskeard, in Newton Abbot, Devon, and in Merthyr Tydfil, Wales.
