ICONIC music store Waltons has closed its George’s Street branch amongst claims that high rents within Dublin City are pushing costs up.
The business will be relocated permanently to Waltons’ Blanchardstown outlet, though Waltons’ New School of Music will still remain on George’s Street above the now-closed shop.
In a blog post detailing the reasons for the closure, managing director of Waltons, Niall Walton, detailed that rising rent costs within the city teamed with online shopping have made it increasingly difficult for the store to operate on George’s Street.
“With the ever-rising costs of doing business in the city centre we need to make sure that our cost base does not make us uncompetitive,” Walton said.
Walton says that the business is closing their city centre premises to “adapt and change”, and that they still want to offer the “best possible prices” to their customers.
A family run business, it has been a staple of the George’s Street area for years, but now owners claim the area has become an “extension” of the infamous Temple Bar area.
Waltons have had a presence within the city centre since 1922, when their first store opened on North Great Frederick Street.
They also previously owned a store in Dun Laoghaire.
There are plans to keep the Blanchardstown branch open as a flagship store and continue to offer their products for sale on their website.
The Blanchardstown store is also home to Yamaha’s premium Digital Piano Centre in Ireland.
Walton said: “We are going nowhere and intend to be able to offer our customers choice and value for a long time to come.”
The music store gained international recognition following its appearance in Oscar winning musical Once and is also mentioned in the Tony award winning adaption of the movie.