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.
They may be small and rare, but they attract hordes of loyal enthusiasts from American chat show hosts to Shepparton car buffs.
The 2014 Yarrawonga Mulwala Multisport Festival has been hailed a huge success by organisers and participants alike.
The fifth annual King Billy Retreat Open Garden Party will be held at Rushworth on Saturday and Sunday, October 25-26, from 10 am to 4 pm.
Deputy Commissioner of the Department of Veterans Affairs John Geary will attend a memorial for the 3rd Cavalry Regiment (Vietnam) Association.
A former Rochester resident is helping women with their confidence and their horses.
Accusations of bullying, disrespect and dangerous conduct.
And the school's best all-rounder for this year.
Finley's Mark Whiley has been traded from the GWS Giants to Carlton - the club he has supported all his life.
District residents are being invited to enjoy Oktooberfest celebrations at Tooborac Hotel and Brewery.
Momentum builds for the greatest show in Cobram, with young and old expected to lap up family attractions in sunny conditions.
Water users have welcomed the governments' announcement of a $350 million package for new irrigation efficiency programs in NSW, but say water availability is in need of improvement.
Farmers and anyone interested in big boys’ toys will be fascinated to check out an unmanned helicopter in action at an Ardmona orchard.
Judge comments, If I were single, I'd marry this steak!
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.