Darwin’s Toyworld to close down after 22 years
The Territory’s economic downturn has claimed another victim with a toy store closing down after 22 years in business.
Business
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Darwin’s economic downturn has claimed another victim with a Toyworld in Berrimah closing down after 22 years in business.
Toyworld franchise Michael Lawson confirmed the store was due close down at the end of February after enduring a couple of really hard years.
“It’s a combination of the weakening economy, there’s too many shopping centres now and they’re all under preforming,” he said.
“The government’s made a balls up of all this allowing this to happen.”
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He said he noticed a sharp decrease in sales over the last two years.
“I’ve moved from the Jape centre about 15 years ago to this location and it’s been really good until recently,” he said.
“The opening of new shopping centres at Gateway and Coolalinga has changed people’s shopping habits.
“We’re underpopulated as it is and there just aren’t enough people to shop.”
Berrimah Toyworld are holding a huge closing down sale with prices slashed by up to 60 per cent.
MORE TO COME.