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Isle Of Wight Peacocks, Ponden And Edinburgh Woollen Mill Stores Set For Closure

The Isle of Wight's Peacocks, Ponden Homes Interior and Edinburgh Woollen Mill branches look set to affected by closure plans.

Closing down signs have appeared on Peacocks stores in both Newport and Ryde. 

Ponden Homes Interior, which stands next to Peacocks in Newport, has also launched a closing down sale.

The news comes after Edinburgh Woollen Mill (EWM), the high street fashion chain which owns Peacocks and Ponden, confirmed that it is close to collapse.

The company filed a notice to appoint administrators last week, leaving a question mark hanging over 24,000 jobs.

It has since been confirmed that 50 stores would shut with the loss of 600 jobs.

The move would also affect Edinburgh Woollen Mill, which has a branch in Ryde.

It is the latest blow to high streets on the Island.

A total of 41 shops have been left empty in Newport, including what was Starbucks. Roger Sanders has shared these photos of Newport town.

As part of plans to revitalise the high street, Newport has been awarded £655,000, while Ryde is due to receive £480,000.

It is hoped regeneration funds will give the high streets a "more classy look", without compromising their history, as Isle of Wight Radio previously reported.

Shanklin also has a Peacocks store, although it is not yet clear whether it will be closing. 

Isle of Wight Radio has approached EWM for a comment. 

Let us know your news. @iwightradio. 01983 821777. news @iwradio.co.uk 


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