Announcement regarding the planned closure of YUSU Shop
The lease for our units at Market Square come up for renewal towards the final quarter of 2018 and after very careful consideration we have made the decision not to renew these leases. Therefore YUSU Shop will be closing its doors for business at a date after the end of this academic year.
Retail on campus for YUSU has been challenging for a number of years now and we believe we have reached the point where it is no longer financially viable to continue YUSU Shop in its current form. Rising costs, changing market trends and the emergence of online and local competition have been the main factors that have led to this decision being made. The retail industry as a whole is undergoing a transformation as customers continue to move away from the traditional high street model, something that has been well documented recently in the national media.
All affected staff have been informed about this decision and we will be offering redeployment opportunities for retail staff. All student staff will be automatically offered a role elsewhere within our commercial services.
This decision, whilst difficult, is the right one for the organisation and its members. Looking forward, we have every intention to continue some form of retail including an expansion of our online services. We are aware that student demands are changing and any future retail offer will be designed with this in mind.
We will continue to work with our university partners on all of the services our customers most value within the shop; namely bike safety, bus tickets and the successful postal service to identify if, how and where these can continue. Already we can announce that a new postal depot is now open in the Piazza building on the Heslington East campus so from now you are able to collect and dispatch letters and parcels. Bus tickets will still be available both online and directly from the buses.
We would like to take this opportunity to sincerely thank you for your custom over the years and we hope you continue to show your support for YUSU Shop throughout the rest of this academic year.