Trading up to prime position
Tuesday, 28th May, 2013
By Emily Roberts
Businesses in the CBD are playing musical chairs and retailers are happy to see the vacant stores being filled.
Fashion Den’s Lyn Carthew will be closing her shop on Friday and hopes to re-opening in Argent Street next Monday.
The business has been in the town square for four-and-a-half years.
“My business has outgrown the space,” Mrs Carthew said.
“It has been lovely here. It is a beautiful location.”
She said she was looking for new premises that could fit her growing needs.
“When the chance opened up to go into Argent Street I was very excited,” Mrs Carthew said.
The new Fashion Den will be at 360 Argent Street.
Another retailer, Peter Nash, said that after the closing of a few stores it was good to see the vacancies being filled.
“There is an ever-changing mix of stores in Argent Street,” Mr Nash said.
“We lost Nickas, which was an icon store, but there have been a number of stores which are looking to relocate.
“A couple of stores have come into the main block of Argent Street recently, which is good. It’s cleared up some vacancies.”
Mr Nash said while there were business keen to come into the block, it was leaving the top end empty.
“It seems that the middle hub of Argent Street is consolidating. The dynamic is changing,” Mr Nash said.
He said it was critical to keep all the stores full.
“Whether it is tourism stores, food or retail - keeping stores will mean the town looks tidy and alive.
“Retail is challenging at the moment, it’s not just in Broken Hill but across Australia.
“People are struggling to have a disposable income and it is fairly challenging. Retail stores are being hit on all sides with the cost of living, expenses and price rises.”
Mr Nash said the last five months had been hard for retailers.
“All business houses will be looking closely at how they can stay competitive,” he said.
“There is always an uncertainty with mining communities - it hasn’t been any different for the past 100 years. We shall just have to ride the roller coaster.”