Future of Watt Brothers department store chain in doubt

The future of the oldest department store company in Scotland is in jeopardy.

A Watt Brothers store. Picture: Michael Gillen

The existing owner of Watt Brothers in Glasgow has vowed to sell off the four-storey Sauchiehall Street branch to repay debts.

Willie Watt said the proceeds would be ploughed back into the struggling business to help fund an expansion plan.

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The rescue plan comes after the company’s recent annual performance report, which showed the 11-store firm made a loss of almost £750,000 on group sales of more than £21 million.

Mr Watt told the Herald: “The last few years in the retail sector have been brutal. Older stores do not lend themselves to modern retailing - people are looking for deals and bargains all the time.”

He added: “We are potentially looking at a new site in Glasgow. If we do move, it would be to a site that is all on one floor.”