Another shop closes down
A QUIRKY Townsville store specialising in all things pop culture has closed its doors.
The Infamous Geek had been operating out of CastleTown Shoppingworld in Hyde Park.
Specialising in comic books, board games, collectibles, cards and more, the store was placed into liquidation just days ago.
The Australian Securities and Investments Commission advised the company, The Infamous Geek Pty Ltd, had been placed into liquidation on August 8.
Members of the company met on August 8 and decided to wind the business up.
Tony Miskiewicz, a partner at KordaMentha, was appointed as the liquidator.
The company was registered on June 23 with ASIC.
The short- lived operation was the latest in a series of businesses to close down around the region recently.
The hospitality sector has been hit hard, while retailers are also feeling the pinch.
In February, Aitkenvale’s Kmart Plaza Carvery closed its doors after more than 20 years of operation.
Owner Natalie Kuwajima, who bought the business in 2015, told the Townsville Bulletin the cost of overheads and a tough economic environment in the city had been factors behind the closure.
Townsville Chamber of Commerce president Debbie Rains said at the time it was vital that locals supported local businesses.
Readers expressed disappointment on social media at the closure of The Infamous Geek.
“A sad reality of the times, especially in shopping centres … it’s a sad time for him ( owner) for sure,” Richard Fowler wrote.
Earlier this year, Mr Miskiewicz explained a decline in trade was hurting many businesses and that hasn’t changed since his comments in January, following the liquidation of the company that had traded as Townsville Pet Central.
Damning personal insolvency statistics were released in June, which revealed Townsville had the highest number of new personal insolvencies in Queensland in the March quarter.
Townsville had 20 people enter a business- related personal insolvency in the March quarter, the second- highest number in the state.
Business leaders hope a number of major projects in the pipeline will help drive a reversal in fortunes for the region’s small and medium businesses.