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'Under pressure'' Coast business closing down

A SUNSHINE Coast company has announced it will close down but a date has not yet been confirmed.

Sixteen Mountain Design stores  across Australia have closed and another three will close tomorrow.

The company has announced in a statement that the store at Kawana on the Sunshine Coast will close with a date to be confirmed.

A company spokesman said in a statement that the decision to reduce Mountain Designs retail footprint was a difficult one.

"Like many Australian retail businesses at present, Mountain Designs is adapting to changing pressures within the retail sector that are influencing customer buying practices," he said.

"Some of these include increased competition, price discount fatigue, a decline in national consumer foot traffic, and new broadening technology platforms and online services.

"Mountain Designs is making operational and strategic adjustments to counter these.

The company is still operating and is not in administration.

Topics:  business kawana mountain designs retail sunshine coast


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