High street stationery chain with 450 shops to close popular city centre branch in DAYS

A POPULAR high street stationery chain is set to close its only shop in a major UK city, leaving shoppers gutted. The TG Jones branch in Market Street, Cambridge, will close its doors for good on September 14. A closing down sale has been launched, with some items up to 30% off. It is understood that the store will close after the approval of a restructure plan at TG Jones. Sign up for the Money newsletter Thank you! The high street arm of WH Smith was sold last year and rebranded as TG Jones in a £76million bid to save the business. But trading at the stores has been more difficult since the beginning of the year. Read more on high streets Modella Capital, which owns TG Jones, was granted approval for a company-wide restructure on July 1. Up to 150 stores are at risk of closure, while rent cuts of between 15 and 75% have been applied to hundreds more. The Cambridge branch is not the only store closing its doors for good. TG Jones is set to close its branch in Southend-on-Sea on September 26. Most read in Money Meanwhile, its store in Swindon has launched a closing down sale, with stock reduced by up to 30%. WH Smiths continues to operate its shops in travel hubs including airports and train stations. TG Jones was approached for comment. Comment now