ARC Thrift store to close after 30 years in business
Posted September 25, 2018 05:05:46A thrift retailer and home furnishings retailer in Sydney’s CBD has announced it will close its doors after 30 decades of business.
Karnataka-based ARC Thrifts opened in December 1953 in an alley in the heart of Sydney’s outer suburbs.
The business has since grown into a highly sought after store with an international reputation.
Kendra Maham, CEO of ARC Thrills, says the business is closing due to the changing of the market and the impact of climate change.
“We have had the biggest reduction in sales over the last 30 years,” Ms Maham said.
“It’s a difficult business, and it has been very hard.”
I’m not sure how many people would want to come back into a place where it’s so crowded.
“This business is going to be the last in a long line of businesses that will go.”
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