Uncertainty over future of Taunton's Dreams bed store (From Somerset County Gazette)

Uncertainty over future of Taunton's Dreams bed store

11:38am Wednesday 6th March 2013 in News By Daniel Milligan

MYSTERY surrounds the future of the Dreams bed store in Taunton after administrators confirmed the store was one of 95 across the country yet to find a buyer.

The bed retailer went into administration on Tuesday but a company has bought 171 of the 266 stores across the UK.

Two people at the store, in St Johns Retail Park on Priory Way, face uncertainty over the future of their jobs.

Alan Hudson, joint administrator, said: “High street retailers have faced unprecedented conditions over recent years, and the market for higher value discretionary purchases has been particularly tough.

“Dreams has suffered as a result of this depressed retail environment and while recent performance has improved, it has seen a decline in like for like sales as well as its operating margins being squeezed.”

Administrators Ernst & Young say the remaining stores not included in the sale will remain open for business while they search for a buyer.

A decision could be made on the future of the store within the next week.