Another independent retailer will be shuttering stores, with Sydney apparel and accessories brand Sambag saying it will end operations after 22 years in the business.
Inside Retail reports founder and designer Sam Wagner said “retail is not like what it used to be”, explaining she had decided “it’s too hard to compete anymore”.
The founder also told the publication “greedy landlords” and exorbitant rents were putting intense pressure on businesses.
Sambag has three locations in New South Wales and Queensland, as well as an online store.
The company informed shoppers on Facebook yesterday that its first ever store in Woollahra will close on April 15.
Independent retailers across Sydney have also previously spoken out about the demands of landlords, telling SmartCompany it is impossible for smaller brands to make things work in areas like Mosman.