Closing down
Knights Pharmacy, The City, is packing up and closing its main facility on Broad Street. (Ricardo Leacock)
By Geralyn Edward, Business Editor | Thu, February 09, 2012 - 12:11 AM
After almost 135 years in Bridgetown, one of The City’s iconic businesses is closing its main facility on Broad Street.
Knights Pharmacy, a member of the Barbados Shipping & Trading (BS&T) group of companies, will close its operations on Lower Broad Street as well as the branch in sleepy Speightstown, St Peter, at the end of this month.
Rapidly falling sales in Bridgetown and Speightstown over the past five years forced the drastic action, the company said. However, for City customers, Knights will maintain an outlet at Cave Shepherd.
David Neilands, managing director of Super Centre Limited, under whose management the Knights Division falls, told the DAILY NATION: “While regrettable, these closures are due to the significant contraction in sales at both of these locations for the past three to five years, a financial fallout that we cannot continue to sustain.”
Read the full story in today's DAILY NATION.
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So sad. Barbados is in real decline the last few years. Things are either shutting down, or sailing out. Barbadians need to pray and ask the Heavenly Father to protect and bless this country.
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