Katies – a brand first launched in 1956 – will shutter in Australia, while dozens of other retail stores in the Mosaic Brands Group will also close.
All 80 Katies stores will close their doors by the middle of next month. The Westfield Penrith store has already closed, it is understood.
“The decision was made following a review of the performance of Katies as a brand,” a statement from the Receivers and Managers of Mosaic Brands Group said.
An additional 80 stores across the Millers, Rivers, and Noni B brands will close by mid-January.
“Impacted employees and landlords will be notified as soon as possible,” the statement said.
“The decision to undertake the store consolidation program has not been taken lightly.”
Approximately 480 store employees will be impacted by the planned closures which are due to occur by mid-January 2025.
It has not been confirmed which Millers, Rivers and Noni B stores will close.
All three have stores in Penrith.
Troy Dodds
Troy Dodds is the Weekender's Managing Editor and Breaking News Reporter. He has more than 20 years experience as a journalist, working with some of Australia's leading media organisations. In 2023, he was named Editor of the Year at the Mumbrella Publish Awards.