Cotton On plans to set up a superstore when its takes over the Carters site on March.TRENT HORNEMAN September 17, 2012 4:12am
Clothing chain Cotton On will spend close to $1
Charles L King Managing Director Gary Wood, who was in charge of the deal, said Cotton On would set up a superstore in the Carters building in late March next year.
Mr Wood said Cotton On had approached Carters’ owner John Carter, expressing interest in the prominent CBD shopfront.
‘‘They have invested heavily in Echuca-Moama because of all of the wonderful features we have to offer,’’ he said.
Carters will close its doors in late March, with a three-month refurbishment planned.
Mr Carter said it was a tough decision to close his business after 73 years in his family.
‘‘I am the fourth generation of my family to run the business. My children have worked in the shop during holidays, which makes them the fifth generation,’’ he said.
‘‘Less than one per cent of family-run businesses last five generations.’’
Mr Carter said he had planned to retire in about three years, but reconsidered when Cotton On approached him at the start of the year.
‘‘It took a long time to come to this decision. When I made my mind up I told my staff as soon as possible so that they could start planning their future,’’ he said.
Carters employs 28 staff, mostly permanent part-time.
Mr Wood said Cotton On would look to employ between 18 and 28 staff. Its existing store in Hare St will remain.
In a week where local businesses Country Class and Carters have announced they would close their doors, Mr Carter reflected on the changing face of retail.
He said while Echuca-Moama businesses had survived the drought and global financial crisis, online stores were a direct threat.
‘‘Tourism has been great for this region. It has offset the effects of the drought and the global financial crisis,’’ he said.
‘‘If customers start buying online, the region will never see that money again.’’
Mr Carter said he had received plenty of support from his customers, many of whom had shopped at the store their entire lives.
The late Margaret 'Dharrul' Wirrpanda has joined Mooroopna's Alf 'Uncle Boydie' Turner as an inductee this year into the Victorian Indigenous Honour Roll.
Paradise Queen owner Travis Smith is preparing to take on hundreds of runners at this year’s Yarrawonga Mulwala Multisport Festival to be held on October 18-19.
Goulburn Valley Fins and Fenders Car Club is getting ready to host its second annual Show and Shine event at Tatura Racecourse on Saturday, October 18.
Residents are being warned they could face severe penalties if out of control burn-offs damaged someone else’s property.
The Nanneella hall and recreation reserve committee is inviting everyone to join its clearance sale on October 25.
National Party ticket up for grabs
Developer of the Elloura estate wants to build another road to Buckley Park among other changes.
Terry Hogan has stood down as Mayor of Jerilderie Shire due to an ongoing battle with cancer.
Heathcote Community House staff are encouraging people to send a postcard to show their support.
Minister for Local Government and Aboriginal Affairs Tim Bull visits Cobram to assist councils and incumbent MP.
Keen Deni Ute Muster fans rolled into town early for the weekend's event.
The only consistent thing about frost damage in crops was its random nature, a cropping expert told his field day audience at Finley last Friday.
Last week's Coledale poll dorset stud ram sale was the best in the stud's 45-year history.
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