Hughes Electrical to invest more than £1m in new Great Yarmouth store on derelict Two Bears Hotel site
12:19 20 January 2014
Hughes Electrical Group today announced it is investing more than £1m to build a 5,500 sq ft store in Great Yarmouth.
The store will be built on the site of the derelict Two Bears Hotel following its demolition.
The EDP Top 100 firm said the store will be open for business early next year and it expects all contracts involved in the building and fitting out of the new store to go to local companies. However, it looks likely to spell the end for its current town centre store, in the wake of disappointing sales figures. However, the firm’s Gorleston store, which has traded profitably and independently of the Yarmouth store, is unaffected by the plans.
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Robert Hughes, managing director, said: “We see this very much as a vote of confidence in Great Yarmouth and its future and are delighted with the prospect of opening our new store.
“It will enable us to respond to the demands of today’s customers who want easy access by car with free parking outside the store in order to collect items ordered online. They also want to see a wide range of products on one level. Our new Great Yarmouth store will offer all of this which sadly our current store can not.”
The site is to be purchased from Citygate Developments who obtained planning consent for the development in December.
He said the original historic statues of the two bears will be carefully removed (before demolition) and will feature prominently in the new store’s design.