NEWS

Dominoes toy shop bargain hunters spent £38,000 at weekend

Published on: 25th September 2013

Shoppers bought about half the stock at Dominoes in the first four days of its closing down sale.Dominoesshopfront300

Dominoes, in Leicester, is selling everything at half price in a bid to find buyers for the remaining goods. The store sold more than £38,000 of its £100,000 worth of goods during Friday, when the sale began, and Saturday. A large amount of goods were also sold on Sunday and Monday.

The 30-year-old shop will close by the end of this week after entering administration earlier this month on the back of tough competition from supermarkets and online operators.

Administrator Tyrone Courtman, partner at accountants Cooper Parry, in Leicester, said staff had been shocked by the level of interest in the sale, which had seen prices slashed by at least a quarter. Mr Courtman said the store had previously taken total sales of about £4,500 over Friday and Saturday. He said the store would close for good on Thursday or Friday.

The cash from the sale will be used to pay back some of the £1.5m owed to the company’s bank, suppliers and staff. Some of this money is also owed in unpaid taxes. The business has suffered major financial losses in the past two years as bosses tried to keep it afloat.

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