Launceston youth retailer Factorie told its Instagram followers it was closing down this week.
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In its post, Factorie advertised a 30 per cent off storewide sale on Monday night.
"We are closing down guys and gals! Come and grab a bargain while we are still here," the post said.
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A poster in the store's St John Street window on Wednesday advertises "nothing over $5".
There are more than 160 Factorie stores in Australia, New Zealand and South Africa.
Factorie and Cotton On Group were contacted for comment to confirm the Launceston store closure and the final date for trading.