A popular independent record shop in Banbury who returned to the town centre after a five-year absence will close on Saturday after its six-month lease comes to an end.
Record Savings, better known as Pink Pig, took over an empty unit in Church Lane in October, and sells a mix of CDs, vinyls, posters and gifts.
Owner Paul Wylie was able to open the store with the help of the Banbury town team Neil Wild and Iain Nicholson, and was using the lease to determine sales figures during the months of trading.
But despite receiving positive comments from customers following its re-opening, Mr Wylie said sales did not match the ‘enthusiasm and excitement’ shown by the people of Banbury.
Speaking on the Pink Pig Facebook page, he said: “After a flying start and a rollercoaster six months, we have reached the end of our lease in Church Lane.
“Sadly, sales do not reflect the fantastic enthusiasm and excitement shown by the people of Banbury on news of our return to the town. All plans for a permanent shop were subject to how sales went as the project had to be self financing for obvious reasons.
“This means that, reluctantly, We will be closing our doors on May 2 and expanding online instead. Our Real Record Store Day Sale will be extended from now until closure, with up to 30 per cent off all stock.
“No one will be more upset than we are as we passionately believe in keeping music independent and on the High Street.
“However, it cannot be at any cost, and despite the incredible work from our staff Theresa, Sally, Vanien and Kate in making the shop a unique experience, as well as the invaluable assistance from Neil Wild in securing the lease at a great price, we cannot continue to run at a loss.
“We hope to see you all before we close, but I want to thank each and every person, regular or not, who spent their hard earned money with us, and we will always look for an opportunity to return and serve you again.”