Jobs will go as Focus DIY closure is announced for Stamford

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JOBS will be cut at stricken retailer Focus DIY after administrators failed to find a buyer for the chain.

Doors are still open at the company’s store on the Markham Retail Park in Ryhall Road, Stamford but it will be closed and the 12 staff will lose their jobs.

A sale is on at the store, with 20 per cent off all products except plants.

Ernst and Young joint administrator Simon Allport said: “We have been working hard to sell the business as a going concern and to maximise value for creditors.

“While we have been successful in securing up to 900 jobs from the sale of 55 stores in three separate deals, finding a buyer for the whole of the business has not been possible.

“UK retailers are facing one of the most challenging retail environments in recent times and the DIY sector has become highly competitive, with only the strongest players being able to thrive and survive.”

Plans to convert the Stamford store to a Sainsbury’s were put on ice in January last year after it was revealed there was a legal restriction in place which prevents a food retailer operating on the premises.

The supermarket chain had been granted planning permission to refurbish and extent the DIY store in November 2008.

Discount supermarket Lidl already has a store on the retail park.