Menswear indie Anderson Menswear is to close after trading for 245 years on Blake Street in York.
The business, which was founded in 1763, has fallen victim of the economic downturn and the change in the retail landscape.
Store manager Mick Mathieson has worked at the business for 21 years. He said: “The credit crunch is only part of the reason. The change in people’s attitudes towards quality has had an effect and the fact that trade has not been brilliant hasn’t helped.
“The past couple of years have been difficult. I don’t think quality is at the forefront of people’s minds and clothes don’t have to stand the test of time any more.
“We live in a throwaway culture where 12 months down the line there is another fashion. But we have always been traditional and dealt in quality rather than casualwear.”
The Anderson family, which still owns the business, will continue to trade until all stock is cleared, and then the store will close down.