AN ICONIC city retailer will close for good this Sunday with further discounts in place for existing stock.

Watt Brothers flagship store on Sauchiehall Street will now have discounts of up to 70 percent on its final week of trading, administrators Blair Nimmo and Alistair McAlinden from KPMG confirmed. 

The fourth-generation family-owned business, which has traded for more than 100 years, operated a chain of department stores throughout Scotland, before entering administration on Friday, October 18.

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Following their appointment, KPMG announced that the company’s ten leasehold stores would close immediately, while the flagship Sauchiehall Street store would remain open to allow the stock to be cleared.

Blair Nimmo, Joint Administrator and UK Head of Restructuring at KPMG, said: "A substantial amount of stock has now been cleared and the remaining staff members continue to work tirelessly to clear all remaining items, with discounts of up to 70 percent now in place.

"I want to thank the staff for their efforts in supporting this challenging process. 53 employees remain at the store and we’re working closely with Skills Development Scotland, via their PACE team, to support those who have been made redundant.”