Search

Norfolk furniture store Wallace King set to close ‘within weeks’

20:29 02 May 2012

Wallace King

Wallace King

Archant © 2009

An East Anglian furniture and flooring business with a shop and warehouse in Norfolk has fallen victim to changing trends with shoppers buying more goods on the internet.

Wallace King Interiors, which has shops in Diss and Cambridge, is set to shut within weeks following a closing down sale, with the loss of 10 jobs and 14 customers awaiting orders from the firm, which has been trading for more than 100 years.

Accounting firm RSM Tenon was set to be appointed as administrators for the troubled company, which closed its Bodolph Street store in Norwich last year, on Thursday and both shops as well as a warehouse in Norwich are set to close.

Nick Simmonds, the proposed administrator with RSM Tenon, said trade had been affected by customers increasingly shopping online for furniture and the small business could not compete against larger chains with online sales facilities.

He added a more “throwaway” culture nowadays had also contributed to bolstering the second hand goods market whereby people were increasingly willing to give away furniture to charity or second hand shops.

Mr Simmonds said customers who had paid for their orders by credit card would be entitled to a refund, but a number of orders had been paid by cash.

He added if the goods were in stock, the cash order would be met, but if the item needed to be ordered from the manufacturer then the order would only proceed if it was “profitable.”

The ailing firm had been planning to close late last year, but in December the company announced a U-turn after securing investment.

However, the investors subsequently pulled out after being unable to drive up sales, leaving the company facing administration.

A deathly silence fell after the Diss shop in Victoria Road initially closed on Good Friday, as customers were unable to get an answer from the store on whether their orders would be fulfilled. A sign on the entrance read “this store is closed for the Easter break”.

However, the shop will reopen again on Saturday for the closing down sale, which Mr Simmonds said would last “for a week or two, but not forever.”

ARE you one of the customers awaiting an order from Wallace King? Call Dominic Bareham on 01379 651198 or email dominic.bareham2@archant.co.uk.

4 comments

  • Wallace King Interiors has not been trading for 100 years. This company was set up after the original company went bust in the early 1990's. I lost money when the original firm closed from having paid upfront in cash - never again always credit card now.

    Report this comment

    RichardS

    Thursday, May 3, 2012

  • Wallace King just has,nt kept up to date,with furniture lookinig tired and jaded and almost institutional,also badly displayed.Its nothing to do with the internet ! The management should have taken a close look at John Lewis with their excellent Web Site and in store merchandise,for most people prefer to buy large items for the home after viewing in store

    Report this comment

    Albert Cooper

    Thursday, May 3, 2012

  • I`m sure the usual suspects have secured a nice billet in Madeira or somewhere.

    Report this comment

    Mad Brewer

    Friday, May 4, 2012

  • I mean "yet another"......

    Report this comment

    Mad Brewer

    Friday, May 4, 2012

The views expressed in the above comments do not necessarily reflect the views of this site

Other news

Yesterday, 12:55
Police

Diss residents will have the chance to meet with local police officers next week.

Tue, 12:15
Howard Oates who has written a book about Judo with his son Colin. Pictured here with his grandson Reece who features in the book.

A judo champion has enlisted his martial arts mad south Norfolk family to write a beginners’ guide to the sport.

Sunday, May 24, 2015
The Queen Mary makes a welcome return to the Charles Burrell Museum in Thetford following extensive repair work after her axle broke on the A11 last year.

It was a mishap on the A11 that caused traffic chaos and led to an unusual roadside recovery.

Saturday, May 23, 2015
The new penguin enclosure called Penguin Cove opens at Banham Zoo.

Penguins at Banham Zoo have been happily splashing and waddling their way around their new-look enclosure for the first time in front of delighted visitors.

Most Read

Tuesday, March 4, 2014
The first auction at the new Wymondham Salerooms at Suton.; auctioneer Matt Wilkins; photo by Adrian Judd

The founder of a Norfolk auction house whose business failed after a few months has been ordered to pay nearly £7,000 in unpaid rent.

Read more
Thursday, August 22, 2013
Students open GCSE results at Attleborough High.

Thousands of pupils are collecting their GCSE results this morning; check back here throughout the day to see how your school did.

Read more
Monday, January 10, 2011
John Howard, of Stoke Ash, near Diss, who was a finalist in a national award for keeping off the seven stone he lost in five months.

A successful slimmer, who has become a diet coach, is celebrating after being named as a finalist for a national award after keeping off the seven stone he lost in five months.

Read more
Tue, 12:15
Howard Oates who has written a book about Judo with his son Colin. Pictured here with his grandson Reece who features in the book.

A judo champion has enlisted his martial arts mad south Norfolk family to write a beginners’ guide to the sport.

Read more
Scotland
Thursday, May 21, 2015

A driver who veered onto the wrong side of the road causing a three-vehicle accident which killed a grandfather-of-five avoided an immediate jail term and was given a suspended sentence.

Read more
Norwich

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 17°C

min temp: 11°C

Digital Edition

Image
Read the Diss Mercury e-edition today E-edition