Closure follows loss of Exeter’s last Crown Post Office in Bedford Street, since when all city branches operated by franchisees or independent businesses.
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I just so happened to work in that little shop for around 6 months just before it was sold to Morrisons. During that time we were regularly among the top 10 best performing stores in the company, putting most stores in richer places like London to shame.
The queue for the Post Office would sometimes reach the door, it was a very busy place that made plenty of money.
The idea that the store itself is unprofitable is not believable. Either the management they put in there is awful, the business strategy is terrible, or the real reason is something else all together.