An MP has said he was "sorry" to hear the news a major chain was closing its doors in a retail park just outside Ipswich.
Poundland at the Copdock Mill Interchange, on the outskirts of the county town, has announced it will close its doors on Tuesday.
The major budget retailer has only been open for 19 months taking over the former Mothercare unit.
James Cartlidge, South Suffolk MP, said: "I’m always sorry to hear about shops closing locally but Rachel Reeves has introduced huge taxes on businesses, and has talked down our economy which has unfortunately led to these kind of closures.
"I hope that a new shop moves in to strengthen the local retail offer."
A spokesman for Poundland confirmed that the budget brand couldn't agree terms that would allow the store to continue trading in the location.
He continued: "We’d like to thank customers for their continued support – we look forward to welcoming them to our store at the Sailmakers centre in Ipswich.
"It goes without saying whenever we close a store in circumstances like these, we do all we can to look for other opportunities for colleagues and that work is now underway."
Suffolk County Councillor Christopher Hudson said: "I am sad to learn of Poundland's closure.
"It helps people in the cost-of-living crisis. People will be happy to learn of the new venture but the loss of Poundland will be a heavy blow for hard-pressed constituents."
Poundland has more than 800 locations across the UK and Ireland and has already shut stores around the country in the last month.
Elsewhere at the Copdock Interchange, at the end of last year it was announced that the Toys R Us will be demolished so a new two-storey Marks & Spencer shop can be built in its place.
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