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Retail giant Cotton On has announced store closures due to falling profits.

Cotton On has recently announced the closure of two of their store chains ‘Factorie’ and ‘Supré’.

Warrnambool, Victoria have had two Cotton On Group store closures, ‘Supré’ at Gateway Plaza and ‘Factorie’ on Liebig Street.

A Cotton On spokeswoman, as reported in The Standard, said the decision to close Supre was to improve its “footprint across the markets” and serve “customers in locations and across channels that work for them”.

“We value the incredible contribution our team members have made to Supre in the local community. Our team members remain our number one priority,” she added.

Further news: Even more stores to close

In a further development reports say Cotton On has closed its Brisbane distribution centre which sadly means the loss of 117 jobs.

Cotton On chief executive officer Peter Johnson said it had been a hard decision.

“Our Queensland team remain our number one priority right now and we are supporting them during this period of transition,” Mr Johnston told the Geelong Advertiser.

Not the only retailers struggling

Earlier this year Big W announced they are closing 30 stores and discount chain store The Reject Shop also have suffered store closures.

Even Baker’s Delight has suffered some recent closures. 

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  • I think cotton on is quite expensive.
    I thought it was supposed to be a cheap store but looking at the prices of things it’s not at all so in really not surprised.
    Don’t know that the quality is all that good either.
    I bought a t shirt once as I was wearing a jumper, sweating in the weather and wanted something basic and cheap so went into cotton on.
    30 bucks later for a shirt that was so thin and stretched after one wash! Never again.

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  • That is a pity. I like cotton on. I think the quality is good and they have some really cute kids stuff there.

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  • I think many of the clothing retailers are overpriced and this is evident across the board when you see a constant stream of sales, week after week with prices only a fraction of what they were previously. This tells me that they were overpriced in the first place ….. especially given the fact that the majority are made overseas. I love cotton and all natural fibres but would love to see some of these stores that are closing be replaced with some Australia made goods…….now us surely the time for that!!

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  • For people forced to use a strict budget Cotton On is really expensive. Some of their clothes the stitching could be better quality too. There is other places you can buy 100% clothing at more affordable prices.
    Some of the reject Shops which have closed were near others, some were small and unable to keep much stock as a result of that.

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  • That is interesting news, I wasn’t aware some were closing down

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  • Luckily my local stores are safe at the moment.

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  • I have always liked cotton on stores. The clothes are quality and not too expensive. Its hard to keep these stores going in a competitive market.

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  • It’s always sad to lose jobs.

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  • I feel sad for the 117 people who have lost there jobs plus more to come.
    Is it because everyone resorts to online shopping and looks for bargains or was it just a store that lost customers interests

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  • Not a shop we frequent too often these days.

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  • Such a pity that people buy online and don’t use their local stores – online doesn’t have the costs of a retail store’s rent and employees but I have found little difference in price – we are just making sure there won’t be jobs in the future for our children.

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  • That’s what happens whet you try and sell cheap tat at expensive prices

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  • It is a bit sad but they make things too expensive – can only afford to buy when on sale.

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  • Although it is sad, you could see it coming. Nobody is ever in these stores when I walk past. Haven’t stepped foot into Supre in about 15years! Unfortunately online shopping is taking over. It’s all about convenience.

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  • We don’t have any of those stores nearby but I feel sorry for the workers who are now without an income.

    Reply

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