Chorley toy shop Hyde's set to close its doors - ToyNews

Chorley toy shop Hyde's set to close its doors

On Saturday April 30th, the retailer will close and remain as an etailer only.
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Chorley based toy retailer Hyde’s Toys of Chorley is set to close its doors this coming weekend.

On Saturday April 30th, the retailer will close and remain as an etailer only.

The company blamed business rates, online shopping and Market Walk competition for its closure.

Gerry Hyde, owner of Hyde’s, said in a statement: “Hyde’s Toys of Chorley was opened in 1990. It was the first store we opened and where our business started. It is therefore heartfelt that we have decided to close the store on April 30,” reports Lancashire Evening Post.

“We feel over the years we have become part of the community and realise the store will be sadly missed by our customers, especially the children and therefore warrants our explanation.

"The store has been non-profitable for the last two years and even with a reduction in rent and rates the store failed to make a profit.

“The three main reasons for this are; the substantial shift from high street to online shopping, no reduction in business rates to reflect this shift and competition from the larger discount stores within the Market Walk."

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