NEXT store to remain open

Strand Street outlet had been earmarked for closure 

It's understood the NEXT store in Douglas is now staying open.

The clothing and retail giant had been due to close its Strand Street store this weekend (18 July) after deciding not to renew its lease.

However, after signs announcing the closure were taken down from the shop's windows this afternoon, Manx Radio has been told that the closure is no longer going ahead.

In April, a spokesperson for the retailer said: "The store’s lease is coming to an end and although NEXT wanted to renew it and remain trading on the Island, as it has for many years, the landlord put forward terms that weren’t commercially acceptable, so sadly the store will have to close in the summer. Terms for a renewal of the lease could not be agreed with the landlord." 

Manx Radio has approached NEXT and the building's owner for further comment.

In a statement Kelproperties (IOM) Ltd said: "We are pleased to confirm that terms have been agreed with NEXT Plc, subject to contract, which will see the Douglas store remain open.

"This agreement is the result of considerable hard work and constructive engagement on all sides, with everyone focused on finding the best possible outcome.

"We look forward to completing the formalities and seeing NEXT continue to trade from Strand Street."