By Claire
Joyce Mayne's Australian store network will be reduced in the new financial year with the retailer’s Wagga Wagga store today confirming it is set to close its doors in June.
Previously trading as Clef Retravision, the store came under the Joyce Mayne banner following the collapse of Retravision New South Wales in 2006. Located in the Riverina Plaza on Berry Street, northern Wagga Wagga, it is one of just 14 stores remaining in the Australian Joyce Mayne network, owned by Harvey Norman Holdings.
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The Daily Advertiser newspaper in Wagga Wagga today reported that the company had opted to close the store at the end of its lease, with company chairman Gerry Harvey saying the store was “not making any money”.
“It’s just not profitable,” Harvey told The Daily Advertiser. “I don’t think a shop that size is making money anywhere in Australia.
“When people go into a shop they want to see a lot of TVs and fridges,” he added. “These size stores…find it hard to compete with the larger format stores.”
The retailer has plans to launch an end of lease sale to clear stock before it closes next month.
The future is unclear for staff affected by the closure, but Gerry Harvey asserted that Harvey Norman’s Wagga Wagga store would be unaffected. Harvey Norman is roughly one kilometre down the road from the Wagga Wagga Joyce Mayne.
“Harvey Norman is very good in Wagga; it is very profitable and we would never close a Harvey Norman shop in a major town like Wagga,” said Harvey.
Current.com.au has contacted Joyce Mayne general manager Paul English for comment on the store closure.
The Wagga Wagga Joyce Mayne store.