Lux, a Cooper-Young clothing store known for its edgy styles, will close by July 1.

Owner Tadd Feazell said diminished sales during the economic downturn have spurred him to free himself from the obligations of running the store. Lux, at 906 S. Cooper St., opened in 2004.

“I’m ready to move forward and do something different,” Feazell said. “I wouldn’t be closing if it was making a million dollars, but I’ve decided to close for a lot of reasons.”

He announced the decision on Facebook earlier this week and has received calls from many longtime customers. Feazell began discounting store items Tuesday after making the announcement.

“Everything storewide is 30 percent off right now,” he said. “And you get an extra 30 percent off anything that was already marked down clearance. We still have a full store. The selection is still real good right now.”

Lux carries the Diesel and True Religion brands. It also has sundresses and special occasion dresses for women.

“For the guys, of course, we’ve got the designer Ts, denim and specialty designer underwear and swimwear,” Feazell said. “That’s one of the things we’re known for is underwear and swimwear for the guys.”

After the store closes, Feazell said he plans to take a vacation.

“We’re open seven days a week so basically I’ve been here every day for seven years,” he said.

Feazell serves on the board of the Cooper-Young Business Association.

Tamara Walker, the director of the organization, said Feazell has been active in promoting the district. The clothing store has provided musical entertainment at the monthly first Thursday Cooper Young Night Out events.

“Lux is kind of special to me,” she said.

Over the past year, businesses have been reshuffled in the district. Dish, a restaurant and bar, closed. Another restaurant, Casa Blanca, moved to a different location in East Memphis.

The district has added other businesses, including Sweet Grass restaurant, the Enchanted Florist and the David Perry Smith Gallery.