The sad news that DE Shoes and Foot Factory have failed to find a buyer and will be closing their stores, in Fife and beyond, is a devastating blow for their workers and local high streets.

The Dundee based company that has been in existence for 146 years however after failing to sell the company the decision has been taken to close, with the loss of more than 160 jobs across Scotland. The decisions to close was taken after the company suffered a pre-tax loss of nearly £500,000.

In Fife DE Shoes have stores in Cowdenbeath, Cupar and St Andrews, however these will now be holding a closing down sale with 25% off all stock before finally closing.

Week by week we are hearing news of more high street chains going into receivership, shops being shut and jobs lost. Towns throughout the Kingdom and across Scotland are at the risk of turning into ghost towns if vital help is not given.

With staff being faced with finding themselves out of a job any day now we must work together to ensure that we get through the recession. We have the skills and resources right here on our doorstep but we need investment in jobs and education to provide opportunities for the people of Fife.