Australian Fashion Retailer Factorie To Close All Outlets In Malaysia By February
It has been reported that all Factorie oulets in Malaysia will shut down by next month
Factorie, which is owned by Australian retail company Cotton On Group, will cease operations in Malaysia come February 2018, according to a report by Mothership.sg.
A representative for the Cotton On Group confirmed with the Singaporean news website that all Factorie stores in Malaysia and Singapore will close, after the matter was being speculated on social media.
"We value the incredible contribution our team members have made to Factorie in the local community. Our team members remain our number one priority and we’re working closely with them to identify opportunities for their redeployment within the business," the spokesperson was quoted as saying.
According to store locator on Factorie's website, there are currently four outlets in Malaysia
The four outlets are all located in shopping centres in the Klang Valley area namely Suria KLCC, Sunway Pyramid, IOI City Mall, and Nu Sentral.
News of the impending closure began to spread after a netizen in Singapore said that the Factorie outlet in Causeway Point shopping centre is having closing-down sales
According to a tweet by @MuhdIrfanIBR on 23 January, the outlet in Causeway Point had already been emptied halfway.
It was learned that existing Factorie stores in Singapore have been offering massive sales on their products, sparking the curiosity of some shoppers as this period of time is not typically when promotions are being held.
Mothership.sg reported that the spokesperson from Cotton On Group did not disclose the reason for the closure, but there have been claims on the cyberspace that Factorie, which is targeted at youths and college kids segment, has not been doing well across Asia.
If you're a fan of Factorie, fret not, as products from the clothing brand are available online
Better haul in Factorie goods from the remaining stores while you can!
In other news, many tenants in Parkson Maju Junction shopping centre began moving out earlier this month: