TOWN centre newsagent GT News on Market Hill will close at the end of this month.
The shop currently employs six people. Five of them will move to Select Convenience near the interchange which is part of the same retail group.
Manager David Hubble is taking voluntary redundancy.
He said: "It's because we've come to the end of the lease.
"One of the staff has been here 19 years. I've asked for redundancy and it's good that everyone else is keeping their jobs and moving to the other shop."
The shop will close on August 28.