Launceston Chamber of Commerce chief executive Neil Grose has said the continuing trade for Launceston's Harris Scarfe is a positive sign for retail in the CBD.
The store's future was in jeopardy late last year when Harris Scarfe went into receivership. Twenty-one stores were closed nation wide, however none of Tasmania's stores were among them.
Mr Grose said the news augers well for the long-term outlook of the "important" retail business.
"Given the rigorous assessment that all businesses in the Harris Scarfe chain underwent, it can be taken as a very positive sign of the long-term health of the Launceston store. If it were otherwise then it surely would have been closed," he said.
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Mr Grose said while there is much more that can be done to ensure Launceston's retail sector can fulfil its potential, Harris Scarfe remaining is a good sign.
"To help the future of all business in Launceston, we need to embrace a future where the city is a desirable place to be, to spend money and to look forward to visiting," he said.