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Midlands Co-op shuts fashion stores

The Midlands Co-operative Society – one of the largest independent retailers in the country – is closing its fashion and home department stores, citing online competition as a direct cause.

Over the next six months, stores in Chesterfield, Derby, Stafford and Long Eaton as well as Coalville, Ilkeston, West Bridgford and Wigston.

The closures, which don’t affect the food arm, were brought about by “major changes in the retailing sector and the ever-increasing growth in online shopping”, a statement from the company said.

“Whilst our other businesses have flourished, the Society has been incurring substantial losses from the fashion & home operation for more than a decade and in spite of sustained efforts to improve performance, the latest financial projections indicate a further decline with increasing losses in future years.”

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