Sadness as a long established shoe retailer is ready to leave Peterborough
Independent Footwear Store in Downtown Peterborough to Close After Eight Years
North Shoes, based in Westgate, will move to Oundle in March.
It is not yet clear which type The dealer will move into the unit that has been a shoe store for the last 30 years.
Formerly named Reynolds, it became a footprint before North Shoes moved in.
Bosses say five employees will join her The other North Shoes stores in Stamford, Oundle and Bourne, but two part-time workers are fired.
James North, the fifth-generation leader of family-owned North Shoes, said, "I'm sad to leave Peterborough
" We've been here for eight, mostly successful, years.
"But we have seen a decline in frequency, and our landlord is not interested in reducing the rent."
Mr. North said he was in the process of transferring the business and its customers throughout the year
He said, "I think demographics in Peterboorugh are not quite right for us.
" We offer a premium product and I feel like customers have more money elsewhere.
"I think the move will really please us."
North Shoes, founded 141 years ago in Bourne, has branches in Stamford, Bourne, Cambridge and Oundle.
His Peterborough deal closes on March 10.
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