Perth online crystal retailer Crystal and Stone announces closure due to rising costs and competition
Crystal and Stone, an online crystal retailer in Perth, is closing due to rising costs and competition from discount retailers like Temu. Owner Jay Parker cited the impact of increased import costs and the cost-of-living crisis as key factors. The business had previously shifted from a physical store to online sales just six months ago. Parker noted that the popularity of Temu and Shein has made it difficult for smaller businesses to compete. Parker expressed gratitude to customers and announced a final sale of remaining stock. He emphasized the emotional toll of closing the business, which he and his partner started in 2021.