logo
English city's oldest shop is forced to shut after 160 YEARS in business as Brits mourn ‘huge loss'

English city's oldest shop is forced to shut after 160 YEARS in business as Brits mourn ‘huge loss'

The Sun17-06-2025
ONE of Britain's oldest shops has been forced to shut after 160 years due to soaring bills.
WH Mogford & Son in Westbury-on-Trym, Bristol has been serving customers in its 'Aladdin's Cave' hardware store since the 1860s.
5
5
Owner Paul Gillam, who has spent 30 years working at the shop, said it was time to close permanently due to rocketing bills.
He told The Sun: 'It's a culmination of footfall dropping off, banks closing in the high street, people shopping online, and the cost of amenities, bills and staffing costs.
'It wasn't an easy decision. It's taken me a couple of years to come to the decision to close down.
'I'm disappointed for the regular customers but it's the right decision at this time.'
Paul, 57, added: 'I will take a couple of weeks off then I need to find another job.'
The shop, which serves a once bustling high street on the outskirts of Bristol, will pull down the shutters for the last time in September.
One Bristol local, who grew up nearby, described the imminent store closure as 'terrible news'.
Another replying to Paul's post on Facebook breaking the news, replied: 'Very sorry to hear this.
'I have known the shop my entire life.
'There will be many many saddened people when they hear this news.
Popular bank with over 400 spots confirms it is shutting 18 branches in August – it follows 148 closures by rivals
'Mogfords has been a much loved and relied upon business in the village throughout generations.'
Another said: 'You will be very much missed. My sons call your shop 'the shop that sells everything'."
'As a fellow business owner I am aware of the significant rise in operating costs over the last few years. I can't imagine how difficult this decision has been for you.
'On behalf of the local community a huge thank you and best wishes for your next 'chapter'.'
5
5
It comes as shops across the country struggle to survive in the changing consumer landscape.
Both chain stores and independents have closed at an alarming rate, citing decreased footfall and rising prices as the reason behind the closures.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury's hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025."
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
"By increasing both the costs of running stores and the costs on each consumer's household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Waitrose boss James Bailey to leave supermarket chain in September
Waitrose boss James Bailey to leave supermarket chain in September

The Independent

time15 minutes ago

  • The Independent

Waitrose boss James Bailey to leave supermarket chain in September

Waitrose boss James Bailey is to step down from the supermarket chain later this year, parent group The John Lewis Partnership has said. Mr Bailey has led the upmarket grocery business as its managing director since 2020, steering the retailer through significant disruption during the pandemic and cost-of-living crisis. It comes after former Tesco executive Jason Tarry took over as chairman of the John Lewis Partnership (JLP), the employee-owned parent of the supermarket brand and the John Lewis department store chain, last year. JLP said it currently 'working through a process' to find a successor for Mr Bailey. Current retail director for Waitrose, Tina Mitchell, will take up the managing director role on an interim basis when Mr Bailey steps down at the end of September. Mr Bailey said: 'Waitrose is back on a very strong footing with record customer numbers, strong sales growth and a turnaround in profitability, so after five and a half years this feels like the right time to hand over the reins. 'I feel confident that we've laid the foundations for long-term success and have the opportunity now to go from strength to strength.' Earlier this week, industry figures from research firm Worldpanel indicated that Waitrose recorded 4.8% sales growth over the three months to August 10, compared with the same period a year earlier. Mr Tarry said: 'James has done an outstanding job, overseeing significant transformation and growth during a period of change. 'He's a great colleague and has been a highly valued member of the executive team. 'We will be sad to see James go but understand and respect his decision to step down after five and a half years at the helm. 'James will leave Waitrose in a much stronger position and I know will be missed by everyone.'

Travelodge weighed down by weaker London demand and surging costs
Travelodge weighed down by weaker London demand and surging costs

The Independent

time15 minutes ago

  • The Independent

Travelodge weighed down by weaker London demand and surging costs

Travelodge has revealed a slump in profits for the past six months after it was impacted by weaker demand in London and soaring labour costs. The hotel group also revealed a dip in revenues but bosses said it reflected a 'solid' half-year in the face of 'challenging' market conditions. The firm, which operates about 610 hotels, saw revenues slip by 3.2% to £471.3 million for the six months to June 30, compared with the same period last year. Travelodge said this was linked to 'softer market demand, particularly in Greater London'. Bosses said the group was impacted by a quieter events schedule over the first half of the year, despite boosts from the Six Nations Rugby, Radio One Weekend in Liverpool and the Grand National over the first half. Chief executive Jo Boydell told the PA news agency has already seen a benefit from events in the second half of 2025, including from Oasis' reunion gigs, Coldplay concerts and bookings for the Women's Rugby World Cup. The hospitality company said it has seen 'improved trading conditions' in recent weeks, with revenues up 4% year-on-year for the third quarter of 2025 to date. This has been supported by 'solid' trading in London and the regions, as well as positive forward booking. It comes as Travelodge pushes forward with a major development programme which saw it open 11 new hotels so far this year, with at least nine more expected by the end of 2025. On Thursday, it also reported earnings of £47.3 million for the half-year, sliding from £82.1 million a year earlier. Travelodge said this was linked to the fall in UK revenues and industry-wide cost inflation. It also came under pressure from a jump in labour costs linked to the Government's previous autumn budget, with increases to the national minimum wage and national insurance contributions (Nics) coming into force in April. Ms Boydell said: 'Demand was softer in the first half, particularly in Greater London, and event phasing has shifted more activity into the second half of the year. 'Profits were impacted by approximately £20 million of inflationary cost increases, including around £9 million from national living wage uplifts and additional national insurance costs. 'Despite these headwinds, our diversified business and leisure customer base supported strong occupancy of over 82%, and the performance of our Spanish business was a particular highlight, delivering strong revenue and profit growth.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store