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Iconic Tasmanian store officially to close its doors

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Coogans is to leave Tasmania's retail landscape completely, nearly 150 years after it was established in the state.

The famous store was founded by William Coogan in Launceston in 1876.

At the start of the year, the business was left to trade out of the Moonah store after the Hobart store closed down after more than 100 years of operation. The Launceston store closed in 1978.  

However it's been revealed the furniture and electrical goods business will now wrap up its Moonah operation by the middle of the year, reportedly because ageing shareholders are keen to cash out.

35 employees are affected by the closure.

The store will most likely have a closing down sale, but the details of that haven't been finalised.