A CARPET store in Renfrew is to close as part of a UK-wide restructuring that will see 300 jobs being lost.

Bosses at Carpetright have confirmed that the firm's branch in Blythswood Retail Park is one of 13 in Scotland and 92 across the UK that are to close.

Carpetright, which has been struggling with underperforming outlets, recently started talks with lenders to ensure it does not breach the terms of its bank loans.

The company is planning a company voluntary arrangement (CVA) that will allow it to shut the worst-performing stores and ask for rent concessions on another 113 sites.

A Carpetright spokeswoman said: "It's important to stress that, throughout the CVA process, we will continue trading as normal and customers can continue to shop with Carpetright with confidence.

"We do not expect the proposed stores to close before September 2018."

Carpetright is the latest in a long list of high street businesses to run into financial trouble.

Fashion retailer New Look and restaurant chains Jamie's Italian, Prezzo and Byron have all recently made similar CVA arrangements.

Retailers are facing a range of problems, including a shift from high street shopping to online, as well as consumers having to tighten their belts as inflation outstrips wage growth.

A report earlier this week by business advisers PwC found that Scotland lost shops faster than in any other part of Britain last year.

A total of 290 high street stores shut up shop across Scotland in 2017 – a rate of more than five per week.