MAJOR retail group Frasers has shut a store after 35 years of trading, just weeks after calling in administrators for the brand.
Kids Cavern in Liverpool has closed after serving families for more than three and a half decades.
The retailer is known for stocking designer brands such as Gucci, Hugo Boss and Dolce & Gabbana.
The store, which was located in the Met Quater in Liverpool city centre, had sale signs posted all around the store before it closed according to local media.
Frasers Group took on Kids Cavern as part of a £47.5million deal in December 2022.
But the retail group called in administrators for the brand last month – just 16 months after the purchase.
Kids Cavern had three stores across the UK when it was bought, located in Liverpool, Manchester and Newcastle.
The fate of the other two UK stores has not yet been confirmed.
The Sun has reached out to the Frasers Group for comment
Locals took to Facebook to share their heartbreak at the news with many saying the store brought back fond childhood memories.
One user said: “So gutted beautiful memories and staff.”
“I love this shop,” said another.
“I used to shop there as a teen,” said a third user.
A fourth user said: “Literally couldn’t be beaten on price anywhere.”
Fellow Met Quater retailer took to Facebook to comment describing it as “another sad day for local retail.”
The retail group took on another kid’s chain which has struggled – Base Childrenswear – as part of the same deal.
Administrators Kroll Advisory has also been called in for the struggling kidswear brand.
Base Childrenswear currently runs four stores in Westfield London, Westfield Stratford, Bluewater and Birmingham.
MIKE Ashley's Frasers Group owns dozens of high street and online brands, here is the full list.
It comes after Frasers Group put luxury brand Matchesfashion into administration earlier this month, after saying it was no longer willing to keep the business running.
House of Fraser, also owned by Frasers Group, is set to close its store in Carlisle in May.
The chain has shuttered several stores since last year, including in Birmingham, Cardiff and Guildford.
The Flannels site in Market Place Shopping Centre, Bolton, pulled down its shutters for the final time in the new year.
In recent months it has welcomed customers to “new concept” stores which sell brands from across the group including Sports Direct and Jack Wills.
The pandemic was a tough blow for retailers as many stores had to close during lockdown.
Since then energy costs have risen and more shoppers than ever are choosing to order online rather than head into stores.
This has left some remaining retailers grappling with budgets and having no choice but to close stores to cut costs.
For the most part, supermarkets have braved the storm as they provide essential items like food and drink.
But other retailers have not been so lucky The Body Shop is currently going through administration and announced plans to close half of its 198 stores with seven already closed.
Boots revealed it would be closing 300 stores over the next year as part of plans to evolve its brand.
RETAILERS have been feeling the squeeze since the pandemic, while shoppers are cutting back on spending due to the soaring cost of living crisis.
High energy costs and a move to shopping online are also taking a toll, and many high street shops have struggled to keep going.
Here’s a list of all the big-name brands closing stores this year:
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