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.
A $22 million investment into developing the Nagambie region was announced this morning.
The Tungamah Football Netball Club has completed a fairytale season to clinch the Picola and District Football Netball League South East Premiership with an emphatic 106 point win over the Katamatite Tigers at Tungamah.
Billed as ‘Fabulous Flowers and Fine Food’, Tatura’s Anglican Church Parish had a successful fundraiser on Thursday, September 4.
Airtourer Association members visited Echuca at the weekend.
Rochester Salvation Army volunteers are annoyed people are dumping unusable items outside the op shop.
Don’t write Ky off yet, says coach ahead of preliminary final
Seymour event packs out St Mary's College on Saturday night.
Star Tocumwal defender took her club's A grade best and fairest award last weekend, adding to her 2014 PDNL medal.
Mia Mia Cricket Club is about to field its first cricket team since 2001
Moira Shire councillors describe the municipality’s finances in a ‘‘fair’’ financial position, despite missing performance targets and a financial sustainability indicator falling into ‘high-risk’.
A truck and trailers estimated at $250,000 were reported as stolen near Deniliquin on Monday.
Water purchase costs rose by 27 per cent in 2013-14, the latest Dairy Farm Monitor Project has found.
More than 320 000 foxes and 1500 wild dogs had been eradicated under the bounty scheme in the past three years.
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