The King’s Lynn Carpetright store is set to close by September.

The Hardwick Retail Park store is one of 81 planned closures announced this week resulting in a total of 300 job losses as part of a restructuring plan.

Eleven more stores have already closed but remain on lease.

The chain is planning a company voluntary arrangement  (CVA) which will allow it to shut the worst-performing stores and address property issues.

A company statement said: “We’re announcing some tough but necessary steps to address our legacy property issues and restore our profitability. We are launching a CVA proposal that, if approved, will result in the closure of 81 poorly-located or over-rented stores, from a UK total in excess of 400, later this year.

“Planned closures will not affect our customers, all orders will be fulfilled either by the original store or a neighbouring Carpetright where necessary.

“Regrettably, we expect this will mean that around 300 colleagues would leave the business but we will make every effort to find alternative roles for those affected wherever possible.

“We’re also announcing that we plan to follow the CVA with an equity financing to raise £60m new funds to invest in our stores and online offer, to strengthen the competitive position of the ongoing business.

“It’s important to stress that throughout the CVA process, we will continue trading as normal and customers can continue to shop with Carpetright with confidence.”

Yesterday the company said it was unable to release details of the potential job losses at the individual stores.

  •  Thorntons chocolate shop in Lynn’s High Street is set to shut on Saturday, May 5.

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