Ann Summers braced for expansion as it plans to close its store in Peterborough’s Bridge Street

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Retailer Ann Summers is preparing to close its long-established store in Peterborough’s Bridge Street.

The fashion chain is currently advertising a sale of stock as it gets ready to move out of Bridge Street and into the Queensgate shopping centre.

The retailer is moving into the upper mall unit previously occupied by outdoor clothing chain Trespass, which closed about two weeks ago.

A spokesman for Queensgate said that work to fit out the unit for Ann Summers is under way.

It is expected the works will take six weeks to complete.

A date for Ann Summers to move into the shopping centre has not been confirmed but it is expected the relocation will be late March.

It is not known if any jobs will be created or lost by the move.

Ann Summers has not responded to a request for comments on the move.

However, a huge notice has been placed in the store’s window advertising a closing down sale with up to 75 per cent off stock.

The news is another headache for Bridge Street, which has been plagued by the closure of a number of stores.

The latest was the departure of Marks & Spencer, which also relocated to the Queensgate shopping centre.

However, the sprawling M&S unit has been taken over by discount retailer B&M, which is expected to open in the new few weeks.

Clothing retailer Peacocks has also just opened in Bridge Street after closing its unit in the Rivergate Shopping Centre.