JR Taylor department store in Lytham St Annes closes
An independent department store founded more than 100 years ago in Lancashire has closed after failing to secure a buyer.
JR Taylor in Lytham St Annes was placed into administration in December because of "trading difficulties".
Administrators Duff & Phelps said the store would "cease to trade" and 60 staff would be made redundant as a "no formal offers... were forthcoming."
JR Taylor, which was founded in 1901, said: "It's an end of an era".
Deputy manager, Helen Galloway, said: "Last year I would say was worse and we were pulling it together.
"It has been a shock for everybody involved."
On its website the store was described as being the "watchword for fashion and style".
A Duff & Phelps spokeswoman said: "The store has been a feature of St Anne's for many years but has faced trading difficulties from both the economic climate and the changing nature of shopping and retailing.
"Despite the best efforts of the administrators to find a purchaser no formal offers for the business were forthcoming.
"The store will cease to trade, closing on 17 January 2015 and all 60 staff will be made redundant."