The Island’s struggling retail sector has suffered a new blow with a spate of store closures.After 17 years in business, landmark Washington Mall store, All Wrapped Up, is closing its doors next month, blaming the economic downturn for plunging sales.The gift and card store’s owner Peter Richold said two jobs will be lost.November will also see the closure of the Carole Holding store on Front Street. It’s also been open 17 years.And Burnaby Street retailer Foreign Cargo said last month it was going out of business.In the East End, St George’s lost Crisson’s jewellery store, which closed citing lack of tourist business.Mr Richold said he just couldn’t hang on any longer in the Island’s continuing recession and the outlook for Christmas was “not good”.“Business is just getting progressively worse,” he told The Royal Gazette, noting he had really begun to see it drop off the beginning of this year.He said the payroll tax break for retailers was a help, but not enough to stay afloat.On Facebook he wrote: “Doing retail in our present economy is very stressful especially when Bermuda has lost so many non-Bermudian workers who were also my customers.“My health and sanity is most important as I make this change. So after 17 years of operation, All Wrapped Up will close for Business by end of November 2012.“I thank you all very much for your business, friendship, shoulder to cry on and your laughter. Change is good and I’m ready for it even though I don’t know what my future holds.”Last September, Mr Richold had closed a newly opened second store, All Wrapped Up Home, that was in the new part of the Washington Mall.