Family retail chain Mansour's said today it's closing its 65,000-square-foot store at the Augusta Exchange shopping center because of weak sales.
A final closure occurs after all merchandise, fixtures and display items are sold. The store's clearance sale begins Thursday, with discounts ranging from 20 to 50 percent.
"Our decision to close the Augusta store was not easy," Mansour's CEO Fred Mansour said in a statement. "But, in today's economic environment, a company our size can't afford to carry underperforming assets."
Mansour's Augusta store opened in August 2000, at the onset of the 2001 recession.
"Our timing on entering the Augusta market couldn't have been worse," he said.
The company, founded in 1917 in LaGrange, Ga., operates stores in Columbus, Macon and LaGrange.
The Augusta store employs 50 people.
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