Fun-d-mentals shutting up shop
Owner looking forward to retirementCOLLETTE DEVLIN
One of Invercargill's most well-known shops is closing after more than 20 years in business and its owner believes it is a good time to go.
Fund-d-mentals owners Ewan and Andrea Clode said they wanted to retire while the business was doing well.
The Esk St SIT Arcade store sells an assortment of memorabilia and novelty items and it had been a good business, Mr Clode said.
"It's been a terrific business but it's just time for us to retire. I also think it's a good time because I can see retail declining with the increase of online shops," he said.
He believed in five years half the shops in Esk St would be closed if the popularity of online shopping continued.
"When we first opened there was so much competition to get an Esk St shop. You would hear about people paying $30,000 under the table for a premises," he said.
When he made the decision to retire, he decided to close the shop because it would be too hard to sell, he said.
He had seen advertisements offering free rent in other premises for six months, he said.
"We could not compete with that and we would lose money on stock if we sold. We will make more money closing down," he said.
While the store would remain open until all stock was sold, he was looking forward to having plenty of time to go fishing.
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