Regular reader, Chas Jones has reported the rumour that Primark in Margate is to close in two months time. This is not the first time that this rumour has come to my attention.
I sent Norah out to get some upto date pictures and I apologise for the quality but without realising it, she has caught the desolation of Margate's 'lower' High Street on a damp April evening, perfectly.
As you will be aware, YATESs pulled the plug on their Margate bar with only one weeks notice, and what are the odds that Primark will cease operations as suddenly? Sadly, such is the management style of modern business, the last to be told are likely to be the staff actually working there.
Why is Primark likely to close? The picture below might help explain the problem.
An 'arty farty' picture of Margate's Lifeboatman painted onto the boarding of a closed shop next door does not attract the public, nor does FOUR closed shops to the right of Primark in this picture. The harsh reality is that Primark's footfall past the store and into the store is probably way down on the past 2 years and is in free-fall. When you are stacking them high and selling them cheap (clothes that is) you rely on high turn-over.
A drop in turn-over is disastrous and like YATESs, a chain has eventually to decide if there will be an up-turn in trade. YATESs came to the conclusion that further decline was inevitable and perhaps Primark Head Office has come to the same conclusion?
I would suggest that Westwood Cross has been a disaster for our Town Centres and TDC under various 'regimes' is entirely to blame for this state of affairs. What do you think?
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