The future of the Isle of Wight’s Mothercare store hangs in the balance, after the company announced 50 stores are closing across the UK.
The retailer owns 137 outlets across the country.
The Island’s branch is located at Carisbrooke Trading Estate.
A spokesperson for Mothercare said:
“We can’t comment on individual store closures until all staff have been informed, which is our absolute priority.
“Of course we regret having to close stores and the impact this will have on colleagues. However, we had no alternative to executing a CVA.
“The business was in an unsustainable situation and was in clear need of an appropriate resolution and today’s comprehensive measures provide a renewed and stable financial structure for the business, and will allow Mothercare to accelerate its adaptation to the shifting dynamic towards online.”