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RUGBY'S INDOOR MARKET TO CLOSE; Owners decide to shut doors after two decades.

RUGBY'S Indoor Market will close next month after bosses finally admitted defeat in the face of mounting competition.

The market, in Castle Street, will close its doors for the last time on October 23 after two decades of trade.

Five or six years ago owners Cenprime tried to expand the indoor market in a bid to return to its heyday but the move failed.

Out-of-town shopping and the growth of large low value shops in the town centre, in common with other towns in the country, have taken their toll on the market.

Jim Groat, director of Cenprime, said the market had been running at a loss for some time and that the closure had now become unavoidable.

He added that the constant speculation about the future of the outdoor market has played a part in the decision.

Mr Groat added that his company had made great efforts in recent years injecting large amounts of capital in an attempt to keep the indoor market alive and that the decision to close the market was made reluctantly.

A buyer is being sought for the vacant building.

Mr Groat said: "In common with markets throughout the country, the indoor market has experienced very difficult trading conditions over recent years.

"It's been a situation that's been building up over a number of years and you have to go back a decade before you have a thriving situation there.

"We've tried a number of things over the years to reverse the decline but it's not done the trick."

Rugby mayor Jerry Roodhouse said: "I would ask them to re-consider and get in touch with the officers at the council to have a discussion and not just pull the plug.

"It's a nice area of town and I think they are being hasty."

WHAT DO

YOU THINK?

IS the future of shopping in Rugby out-of-town retail complexes or is there still a role for the friendly face of shopping?

Let our team of Rugby reporters know by ringing 01788 570628 or write to 18 Church Street, Rugby.
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Article Details
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Author:Hutson, Andy
Publication:Coventry Evening Telegraph (England)
Date:Sep 8, 1999
Words:342
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