Seven go with store closure
SEVEN people will lose their jobs with the closure of Lincraft’s Townsville store this weekend as the retailer looks to reduce costs.
But it wasn’t so long ago the group had two stores in the city including a high profile site on Woolcock St, a property they acquired in 2012 but which was leased to another retailer earlier this year.
Lincraft marketing manager Geoff Croft said they had been offered a deal on that property they couldn’t refuse and were happy to consolidate at an existing site in the Domain Central retail centre.
But now they are closing that store too and are looking elsewhere in the city for an appropriate site.
“Unfortunately we haven’t been able to come to a suitable commercial lease with Domain Central so we are going to move away,” Mr Croft said.
“The lease is not commercially suitable so we need to go and look somewhere else.”
Mr Croft said three full- time and four casual staff were being made redundant.
He said they “really value” what the staff had done for Lincraft. But he said it may take up to 12 months to find another location.
“It’s a site and location where we want to be, in the right location and at the right rental,” Mr Croft said.
“To be successful long- term you need to get those two things right, then we can stick around.”
Lincraft, which has been offering 50 per cent discounts on fabrics and 30 per cent discounts storewide, closes on July 30.
Another Domain Central retailer, Cotton On, recently closed as it relocates to a new megastore to open soon at Willows shopping centre.
Domain Central manager Sandy Corbett said Domain continued to experience strong demand for its retail space.
“Domain Central continues to experience strong demand for its retail space and the centre remains committed to ensuring its retail offer keeps up with the evolving demands of the region,” Ms Corbett said.
“We have a number of new retailers coming soon to Domain Central and we look forward to making further exciting announcements in the near future.”