You may have noticed SALE signs on the entrance doors to Rivers Goonellabah and Millers on Molesworth Street recently.

If you look carefully, they also say, 'Closing Down Sale'.

Rivers Goonellabah and Millers Molesworth Street are owned by Australian fashion retailer Mosaic, which has been in administration since October 2024.

Accounting firm KPMG was announced as Receivers and Managers of Mosaic in late October.

Since then, they have been trying to find a buyer for the company that owns some iconic brands such as Rivers, Katies, Rockmans and Millers. That search has proven fruitless.

The Rivers Goonellabah store posted it is closing down on Thursday through its Facebook page. The Lismore App understands that all Rivers stores will close by mid-April. The timing will depend on each store's stock levels.

That means 650 employees, including five who work in the Goonellabah store, will be looking for new jobs. Millers 480 employees will be searching for work; it is not known how many local employees will be affected.

Millers in the Lismore CBD were telling customers their purchases were not returnable, and that the sale runs until Tuesday.

No staff on any level were allowed to talk to the media.

As for filling the retail spaces, the stores will leave significant holes for the owners to fill. There are very few, if any, local retailers that can fill spaces that size. National businesses are the most likely, but will they want to open in Lismore's CBD with the threat of floods?

It is a different story for The Village in Goonellabah. Justin Clarke, Director of McGees Property told the Lismore App he was really disappointed Rivers was closing, but it was no surprise.

"We have been approached by other major operators, not in the same space, so we are fairly confident we will replace them."

"We are fully occupied now with Swifty's opening and a DA in for the new Service NSW building at the back of the building."

Until the doors do finally close for the final time, there are some bargains to be had for locals looking to save money.