Closing date of Toowoomba business revealed
UPDATE: IT MAY have been opened just shy of seven months ago, but the Mountain Designs Toowoomba store and other regional stores will close.
Mountain Designs spokesman Chris Hartley said four regional stores closed yesterday while four more would close on Wednesday, including Toowoomba.
Mr Hartley said while the store was one of the newest for the company, factors such as increased competition, online shopping and decreased foot traffic were to blame.
State media reported Mountain Designs Holdings showed a $7 million loss for the group in fiscal 2016, according to accounts filed with regulators.
"The ongoing operation of the group is dependent on the support of its shareholders and ongoing sales growth," the accounts said.
Mr Hartley referenced the report and said unfortunately that meant the company had to look at under-performing stores.
"Really what is happening is typical adjustments companies make as the market situation changes," Mr Hartley said.
He said the company was still operation and not in administration. The remainder of Mountain Designs' stores will remain open.
Stores at Joondalup, Wagga Wagge, Toowong and Dubbo closed on Sunday while Cannington, Bendigo, Woolongong and Toowoomba will close Wednesday.
YESTERDAY: A QUEENSLAND company will close the doors of its Toowoomba store and many others almost seven months after it opened in the CBD.
Mountain Designs opened in Ruthven St on June 17 last year in what was hailed a homecoming after its initial closure sometime in the 1990s.
But all Mountain Designs customers were emailed on Saturday to inform them the store was closing down.
"Sadly our Toowoomba store is closing down. We thank you for all your support," the email said.
"But before we go, get in quick for some great deals...all stock must be sold."
Toowoomba's assistant manager Josh Picone could not comment on the closure yesterday. He could also not say when the store would close its doors for the final time.
However the advertised 40 to 80 per cent sale will end on Wednesday prompting customers to believe the closure is imminent.
The chain announced in June it would open its first regional store in Toowoomba. Its location was created from the downsizing of Val's Curtain Warehouse. When it opened it planned to hire two managers and six casual staff.
Its national ambassador is also Toowoomba's Alyssa Azar, who was the youngest Australian to scale Mt Everest at the start of last year.
Mountain Designs has nine retail stores in southeast Queensland and according to its website operates a total of 39 stores across the country.
It was started by Australian rock climber Rick White, who died in 2004, more than 40 years ago to meet the needs of the burgeoning mountaineering community.
The company closed its 12 New Zealand stores in 2014 citing the slow economy and difficult trading times.
Mountain Designs head office was unable to be contacted for comment yesterday.