Brighthouse Southport store to close

Published on: 05/02/2019 09:55 PM

Brighthouse is shutting 30 of its shops at a cost of 350 jobs amid tough conditions on the High Street and a clampdown on rent-to-own retailers.

The company is closing about 10% of its estate which will take place over the next two months.
Brighthouse, which employs about 3,000 people, said it had informed staff.
A spokesman said: "We are working to redeploy as many people as possible into alternative roles but redundancies will be inevitable."
In its most recent results for the six months to 29 September, Brighthouse reported a rise in pre-tax losses to £22.1m from £19.9m in the comparable period.
Meanwhile, the Financial Conduct Authority (FCA) last year announced plans to cap the amount of interest that rent-to-own retailers charge customers.

List of Brighthouse stores set for closure:

Aylesbury
Basingstoke
Bognor Regis
Bromley
Cowley
Dunstable
Eccles
Gravesend
Haverfordwest
High Wycombe
Leeds Merrion
Macclesfield
Maidstone
Newark
Newport (IOW)
Nuneaton
Perth
Rugby
Scarborough
Seaham
Selby
Southport
Stafford
Stirling
Thetford
Trowbridge
Watford
Weymouth
Whitehaven
Yeovil

Rent-to-own customers make monthly payments on a product such as a cooker or a television until they have paid in full.
However, the price of the household appliance can soon mount up because of interest rates that can reach 99% a year.
New rules

The FCA has ruled that from April, the maximum interest paid will be no more than the cost of the product itself. So, if a fridge costs £200, customers will pay no more than £400.
The price of the goods themselves will also be cut to no more than the median - the middle price - of three mainstream retailers.
Commenting on the closures, a spokesman for Brighthouse said: "We will be speaking to all customers affected by the store closures and either transferring them to another local store or serving them online.
"We're also introducing PayPoint, allowing customers to pay BrightHouse in cash at 28,000 locations across the UK."

05/02/2019 10:18 PM

You would have to be insane to buy from here. Save up and get a good secondhand telly or a washer etc. These types of companies leech off the poor. I hope it goes bust soon.

05/02/2019 10:18 PM

Fantastic news! Now they can stop ripping off Southport residents. Let’s hope the rest of their shops soon disappear.

05/02/2019 10:56 PM

Surely has to be good news. Have you seen the total repay prices on items after the inflating retail prices plus extras?

One shop that doesn’t need to be on the high street