'Temporary closure' at Discount Electrical
Published 20/03/2010 | 05:00
A well-known electronics retailer confirmed yesterday that it was 'temporarily closed' pending a review of its trading conditions.
Discount Electrical shut its doors last week. The retailer said in a statement that it had "temporarily closed pending endeavours to negotiate with prospective investors due to difficult trading conditions".
"We are negotiating with suppliers with a view to continuing the business," it added.
The company is one of Dublin's best-known retailers for kitchen appliances as well as other electronics.
A notice on the door of its showroom said it was 'closed for stocktaking', however the shutters were down and the building appeared unoccupied yesterday. Suppliers apparently have been told that the closure is a temporary one.
MBM Accountants, who are the auditors for Discount Electrical, said that as far as they were concerned the retailer was still operating.
Messages left with Discount Electrical by the Irish Independent were not returned. Owned by Geraldine and Michael O'Donoghue, the retailer has been in existence since 1990. It is known for its ad campaigns and slogan 'where quality counts'.
A family-run business, Discount Electrical had up until 2008 run the electronics franchise in Clerys under the trading name West and Gardiner.
It is not known how many jobs would be lost if the company closes permanently.