The Swedish retail giant, Clas Ohlson, has become the last injured on the street. It is planned to close all but one store.
The hardware chain bosses have confirmed that its Reading branch would be the only one left, while it is preparing to destroy all stores in the UK and Germany.
This includes five closures in the UK – Clas Ohlson of Reading is expected to continue trading alone.
This comes after the company reported "significant losses" this week on its operations in the UK and Germany.
"By operating profits, he said that" the right conditions are not in place to achieve profitability ".
The company added that about 150 people would lose their jobs as a result of the closures because it was aimed primarily at online shopping.
Jon Peacock, Clas Ohlson's interim UK manager, added that Reading, Berkshire was a "key location" and that it was not planned to close the store.
Mr Peacock said: " We have decided to focus on an online strategy in the UK because we believe it is the best way to successfully pursue a market in which we are determined to be a part.
"In recent years we have been working on a digital transformation plan and our online business has intensified.
"It's clear that online, where people can access our entire product line, our customers love to shop.
"With this new direction, we believe we can offer an even better shopping experience to our customers, strengthening our supply chain and logistics capabilities, and truly focusing on excellent service and support. assortment of products.
"We do not plan to withdraw our e-commerce business in the UK and our physical store in Reading will remain open.
"Our online business in Germany will also be managed and operated from our UK base, as well as potential new European markets in the future.
"Our headquarters in the UK will be relocated so that we can be better positioned for this new development, and we will review a revised organizational structure for the future, including a number of new roles in the specialized areas of digital and digital. e-commerce."
Complete list of Clas Ohlson stores closed
St Albans, The Maltings
Kingston Market Square
Manchester, Arndale Center
Liverpool, Clayton Square