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20
May
Booths reveals why it is selling Ripon store
Booths has blamed “significantly increased operating costs” for the decision to sell its Ripon store.
The Stray Ferret revealed today (May 20) that the company had sold the store on Marshall Way to Tesco.
Booths has now confirmed the news in a statement and said it “anticipates that all jobs will be protected”.
Its full statement said:
Booths have begun a consultation process with their colleagues at the Ripon store relating to a forthcoming transfer of the property lease for the store to Tesco.
Since opening in 2009 we have worked hard to refine the offer and improve performance at Ripon, but the challenges of significantly increased operating costs have meant that we cannot see a future where the store will be profitable under the Booths model.
It is anticipated that all jobs will be protected and transferred to Tesco during this consultation process. Closing any store is a very difficult decision however we are working to protect all jobs in this process.
Booths would like to thank all colleagues and customers for their support since the store opened over 16 years ago. We would also like to provide some reassurance that we have no current plans to exit any of our other stores.
Ripon is the most easterly of Booths’ 27 stores, which are predominantly based in Lancashire and Cumbria.
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