The real reason behind store's sudden closure

BITES THE DUST: Sharon Stamper of Network Video in Buderim said despite good membership they were shutting due to high rent.
BITES THE DUST: Sharon Stamper of Network Video in Buderim said despite good membership they were shutting due to high rent. John McCutcheon

DESPITE membership increasing over the 10 months they have owned Network Video Buderim, Sharon Stamper and Kyle McEwan will shut up shop this weekend.

"We had over 300 new members since we took over and despite what many people think there is still a huge demand for video stores on the Coast," Mr McEwan said.

They said an increase in rent at their Buderim Mall location forced them to make the call to close.

"We would have loved to keep going but the rent has just become too high and we didn't have the upfront money to move to a new location," Mrs Stamper said.

"We'd hoped to move to a shop down at Kuluin but it was just not possible with the required upfront costs."

They said since announcing the closure people had told them how sad it was to see them go.

"Our customers don't want to see us go and we are sad we couldn't make a move work because there is still a need and demand for video stores," Mrs Stamper said.

Network Video Landsborough owner Wilfred Rocker agreed demand for walk-in video stores was high and said the last four years had been his best.

"About three years ago I thought I might be lucky to make it through another year so I cut staff and costs down significantly but then business picked up dramatically," he said.

"For the last four years I've seen a 10 to 20 per cent increase each year and I've got people coming from over a 40km radius to hire movies."

Mr Rocker has just signed a new three-year lease and said it was disappointing to see so many other stores closing.

"Unfortunately we've seen so many stores close, not due to lack of interest from customers, but due to the high cost of rent on the Coast," he said.

Network Video still operates in Coolum along with Civic Video in Nambour.

Topics:  buderim netowrk video buderim network video network video landsborough

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