Main street clothing store Factorie has closed up shop after eight-years on Baylis Street.
The youth fashion brand, apart of the Cotton On Group, has decided not to resign the lease according to a local real estate agent.
Fitzpatrick’s commercial real estate agent Greg Howick said the owner of the property wanted a new lease signed but the retailer parted ways.
While the retailer did not respond to media inquiries, Mr Howick said Cotton On shop moved from Baylis Street into the Sturt Mall and said they might relocate closer to the flagship store.
“Since its closure, there has been some interest regarding the tenancy but they haven’t been clothing retailers,” he said.
“The interest has come from homeware companies, which might reflect Wagga’s housing boom.”
Unsure whether there will be a quick turnover in leasing, the real estate agent said there are no guarantees with commercial real estate and retailers run their own course.
“Winter is a quiet time for retail leasing times, but it will pick up as they like to settle in soon in preparation for summer and the Christmas run,” Mr Howick said.
Casual sales assistant Abbey Gillogly at Ninja & Jhi said she doesn’t think Factorie’s departure will have a large impact on their clothing store.
“I’m a little bit surprised at the store’s closure, but we offer a completely different range so I think it will make little difference,” she said.
At the thought of a homeware store moving in, Ms Gillogly said it would be a nice change.
Neighbouring retail stores like Fashion Point and Kathmandu declined to comment.
A prime location and a decent sized block of 360 square metres, Mr Howick said this is often “hard to get”.
Other features of the property includes its close proximity to the Marketplace, banks as well as a large rear car park; which make it ideal for businesses.