Prominent Tasmanian retailer Coogans is set to close its doors at the end of June.
"If you look at Tasmanian retail figures, of the last four or five years they've held up really well, and even in the last couple of months they've been still very strong," he said.
"There is a difficult economic environment in Australia at the moment in many ways, so when I think about it in an overall context it's not surprising."In some cases we've seen people get to the point where they say, 'Look, this is just too difficult'." He blamed the decline of family businesses on falling profit margins, due to rising costs and growing consumer demand for cheap goods.
"I think one of the big problems in retail is that price is becoming a very predominant force," he said. "Consumers have got to look local, not global, and remember that it's fine to shop overseas and save money, but if they continue to … we're going to lose retailers in Australia.
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