Independent retailer Utility is to close its Bold Street furniture store with plans to relocate to a larger premises.
Utility Home Store has been trading from the site, opposite the Liverpool city centre street’s Oxfam charity shop, since 2004 but says the unit is “no longer fit for purpose”.
The shop will close at the end of August following the expiry of the lease, and the designer furniture, homewares and gifts business is now said to be seeking new premises which will be “complementary” to its online offer.
Announcing the change, Utility director Richard Skelton says: “We have long outgrown our Bold Street furniture store and it’s no longer fit for purpose in the modern retailing landscape.
“38% of our turnover is now online and we are seeking space complementary to our online offer where customers can see larger furniture ranges and view a more comprehensive offer.
“We are UK dealers of all the major European design brands and Bold Street is far too small to show a reasonable representation of those brands and meet with both domestic customers and serve our every growing business to business/ contract furniture sales clients.
“We are working with local agencies to find suitable premises with large showroom space and parking, though this is proving challenging due to limited supply.”
Utility was established in 1999 by Richard Skelton, Dick Mawdsley and Kate Cowie.
The company also has gift stores based on Bold Street and in Liverpool ONE in the city, as well as on Oxford Road in Manchester.