EARLIER: The Cotton On Group is undoubtably one of Australia’s largest retailers with 7 brands under their umbrella.
This week the retail giant announced store closures due to falling profits.
Huge Aussie retailer Cotton On Group boasts 7 key brands including Typo, Rubi, Supré and, Factorie Cotton On Kids.
As recently as this weekend Cotton On announced the closure of two of their key stores Factorie and Supré.
Locals in 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.
These closures are the latest of the retail casualties this year. Earlier this year Big W announced they are closing 30 stores, Radio Rentals in South Australia shut down 27 of their stores and discount chain store The Reject Shop also have suffered store closures.
