Town’s Xtra-vision store to close

Local Xtra-vision store set to close.

Local Xtra-vision store set to close.

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The Xtra-vision store in town is to close, it was announced this morning (Friday)

It’s one of eight stores in the DVD and game rental chain to close across Northern Ireland in the new year.

A total of 18 full-time jobs will be lost across the chain, as well as more part-time positions.

The stores closing are in Lurgan, Banbridge, Newcastle, Warrenpoint, Larne, Armagh, Cookstown and Limavady.

The chain has blamed a continued decline in rentals for the closures.

The company’s stores in Strabane and Derry closed earlier this year after the chain was sold to Hilco Capital Ireland for an undisclosed sum in 2014.

In a statement the company said it had taken the decision not to renew leases that were due to end in February 2016, because of the continued decline in rental DVDs.

It said: “Xtra-Vision is condensing its store portfolio to a smaller number of focused retail locations.”

The statement added the company remains dedicated to its investment in Xtra-Vision Express, its vending machines operation and its online channels.