gift shop to close down as B&M 'takes away trade'
Burnham-On-Sea gift shop is closing in the town's High Street due
to a drop in trade caused by discount store B&M, say its owners.
Treasures is due to shut down at the end of June after three years
in the town centre - it was initially located in Burnham's indoor
market and then opened in Regent Street before moving to the High
Jane Jenkins told Burnham-On-Sea.com: "Since B&M opened
we have lost a huge amount of trade and we have no option but to
sells a lot of similar products as us, but at considerably cheaper
prices, and we just can't compete We have tried to stay open as
long as possible."
Turco from Burnham Chamber of Trade said: "Hidden Treasures
has been a welcome part of the Burnham business community since
May 2013 in three different locations and it is sad that the competition
from B&M means that the owners have decided to close."
added: "However, footfall in this part of the High Street is
up substantially compared with this time last year and so it is
hoped that this unit might not be vacant for long. Burnham continues
to have fewer vacant units in its town centre than the south west
and national averages and it is pleasing to see that vacant units
at 3 Regent Street and 3 Victoria Street are due to re-open soon."
added that May 2017 had 7.2% higher footfall than May 2016, which
represents around 13,500 more people movements in the Town Centre.
"We think the success of the Chamber's project to bring more
coaches into the town, the extra marketing the Chamber has done
with the publication of the 2017 Shoppers' & Visitors' Guide,
the opening of B&M, rather than Morrisons being closed this
time last year, as well as fair weather, have all contributed."
cautioned: "However, this is not a reason to be complacent
as businesses still face challenges. Further, the increase is concentrated
at the south end of the High Street whereas footfall towards the
north end is quite flat compared with last year."