By James Wells
SYDNEY: Retravision New South Wales has announced that it has lost another retail store from its group – this time in Cronulla.
In a statement sent to New South Wales sales managers, New South Wales credit managers and all Retravision New South Wales shareholders, company secretary John O’Malley, confirmed that the L.P. Electrics store, located at 121 Kingsway in Cronulla, ceased trading at the end of the financial year on Friday 30 June.
“After 13 years as a member of Retravision and 40 years in the retail business, our member at Cronulla, Keith Sutton has decided that he will close the business,” O’Malley said in his statement.
“Please ensure that all outstanding matters are finalised for this store as soon as possible,” he said.
The loss of this store follows a number of closures within Retravision New South Wales in recent months, including two major members who went into liquidation – HomeZone with two stores at Moore Park and in Sydney’s CBD and Valtel with four stores located in Hornsby and Chatswood.