Telford Hub shop closes as firm goes into liquidation
Tuesday 27th September 2011, 11:39AM BST.
A discount store chain with a branch in Telford is to enter liquidation and close its shops.
Hub Retail’s Telford branch has closed with the loss of around 21 jobs.
The chain was set up by Poundland founder Dave Dodd a year ago to great acclaim as former GMTV presenter Richard Arnold cut the ribbon to open the Telford store, creating 30 jobs.
Mr Dodd said at the time he hoped to have 30 stores across the country by the end of the year.
But he said low sales led the firm to reposition itself as a discount store chain, and its inability to compete in terms of size with existing high street retailers left Hub struggling.
The Telford store had already been closed for a planned refurbishment to improve customer flow, but the designer was told of the news yesterday, and the Telford Shopping Centre store will now not reopen.
In total, 57 jobs across the firm’s head office and four branches – also including those in Manchester, Stafford, and Lichfield – have been lost.
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Hub was a poor setup really, the branding was confusing, why would you associate the word hub with discount? You could get cheaper at poundland. The setup cost must have been high with their swanky shop fittings
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I haven’t heard of The Hub chain. I wouldn’t know where to find one & I didn’t know we had one in Telford & I had no idea (until this article & Shropshire Midlanders blog) what it is that they sold (or tried too).
All that aside, I feel sorry for the staff who will be left without employment.
Best of luck to each of them.
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I am sorry to hear about the closure of this shop, especially as it only opened last year. We have bought quite a lot there – mostly gifts and decorative items – as they offered real good value for money. We don’t visit the Telford Centre more than once a month, but we are every time surprised about the permanent changes there as the shops come and go. A shop where you have bought some stuff last month may not be there anymore this month. A real shame. Who said the recession would be over??? Definitely not here!!!
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:((((((((((((((((( i loved the hub it was ace gona miss it loads …….
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