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Beales to close down later this year after 140 years - blaming Labour's budget

  • The last remaining Beales department store in Poole will close at the end of May 2025, as confirmed by Chief Executive Tony Brown.
  • Tony Brown stated that the increase in minimum wage and National Insurance Contributions has added significant costs to the business, making it unviable.
  • Beales went into administration in January 2020, owing £12.6 million in loans and facing high rents and competition from online retailers.
  • The Labour government defended its budget measures as necessary to address financial issues and stimulate economic growth.
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Sussex ExpressSussex Express

Memories of Worthing shop as one of Britain’s oldest department stores announces closure

News of the closure of one of Britain’s oldest department stores, taking the name Beales from the High Street, has brought back nostalgic memories of the store in Worthing.

·Lewes, United Kingdom
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birminghamworld.ukbirminghamworld.uk
+6 Reposted by 6 other sources

Beales: UK department store closing down Poole shop after 140 years - blames rising costs

After 140 years, one of the UK’s oldest department stores is shutting down 🛍️

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Metro NewsMetro News

One of Britain's oldest department stores to close for good after 140 years

The Beales branch in Poole is the last remaining one and will close its doors at the end of May (Picture: BournemouthEcho/BNPS) The last remaining Beales shop in the UK is set to close its doors for good at the end of May. The branch, located in the Dolphin Centre shopping mall in Poole, Dorset, will close because of budget tax and wage increases. Its chief executive Tony Brown said: ‘This, coupled with the risks and uncertainty of further tax i…

·London, United Kingdom
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BBC NewsBBC News

Poole: Beales to close its last remaining department store

The last of 23 Beales department stores, at Poole's Dolphin Centre, is set to close.

·United Kingdom
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Bournemouth EchoBournemouth Echo

Beales to close down later this year after 140 years - blaming Labour's budget

Beales is to close its Poole department store later this year, it has been confirmed

·Bournemouth, United Kingdom
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The NewsThe News

One of the UK's oldest department stores closing after 140 years, blames rising costs

After 140 years, one of the UK’s oldest department stores is shutting down 🛍️

·Portsmouth, United Kingdom
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Bournemouth Echo broke the news in Bournemouth, United Kingdom on Tuesday, February 11, 2025.
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