More than half of Beales' 23 department store locations are to close, after the UK chain last month collapsed into administration.
The 140-year-old retailer said on Friday that 12 of its stores will be forced to shut down, including the flagship store in Bournemouth, where the company was founded in 19881.
The closures will affect about 500 staff, roughly half of the 1,050 people it employs.
KPMG was called in on 20 January to seek a path for the retailer to continue as a going concern. Will Wright, partner at KPMG and joint administrator, said the collapse had been sparked by climbing business rates and limp Christmas sales.
“With the impact of high rents and rates exacerbated by disappointing trading over the Christmas period, and extensive discussions around additional investment proving unsuccessful, there were no other available options but to place the company into administration,” he said.
A message on the Beales website alerts customers to a stock liquidation where ‘everything must go’. The fire sale is in-store only, and currently on going at all 23 locations.