The Celtic Collection Store, Bishop Street is the latest city centre business to close it’s doors.
The Derry branch of the merchandise store which employs four people, will cease trading on July 31.
The shop opened in 2000 and at one time employed 12 people.
A store insider told the ‘Journal,’ that the shop was “simply not making any money”.
It is believed trade has been adversely affected by on line competition. Celtic Collection is the latest retail outlet in the city centre to close the doors as a number high street chains have ceased to operate from Derry City Centre in recent times.
The ‘Celtic Shop’ as it is commonly known is now offering discounted prices on most merchandise.
The closure comes just days before the Scottish Premier League 2012/2013 season is due to get underway. Champions Celtic begin the defence of their title with a home game against Aberdeen on August 4.
The news will be a blow to the city’s Celtic fans who have been in jubilant form lately following the relegation and relaunch of arch rivals Rangers FC to Division three.
Celtic manager, Neil Lennon, yesterday called for Rangers to be stripped of all titles won while players were signed under ‘dual contracts’. The runners up behind Rangers, he argued should be retrospectively declared winners. Lennon told The Daily Mail: “If they are found to have broken the rules, then they should be stripped of their titles. I wouldn’t want the medals, just the recognition. That would be enough.”