Halfords is set to close its Stroud branch.
The UK’s leading provider of cycling, motoring services, vehicle servicing and repairs, Halfords has been in business for 125 years.
A staple of the Stroud retail scene for decades, the outlet was previously situated in King Street before moving to the Five Valleys Shopping Centre in Merrywalks in 2008.
A spokesperson for Dransfield Properties, who own the Merrywalks site, said: “Halfords are coming out of their unit in November and we are currently in talks with three different retailers to take this space. Once an occupier is chosen this will lead to a net increase in jobs for the area.”
Earlier this year, Halfords blamed the nationwide skills shortage and a decline in bicycle sales for a 20 per cent slump in its share price.
The retailer has autocentres in Cheltenham, Gloucester and Cirencester, as well as stores in Gloucester, Tewkesbury and Cheltenham.
A Halfords spokesperson commented: “We can confirm the Halfords store in Five Valleys Shopping Centre, Stroud is due to close and staff are aware of the closure. Customers will still be able to purchase from Halfords.com. We are working hard to support all of those affected.”