More Aussie retailers bite the dust
Underscoring subdued Christmas trading, the Australian Bureau of Statistics (ABS) last week reported a 0.1 per cent seasonally adjusted fall in December sales and five retail chains have been placed in the hands of administrators.
The past week also produced announcements that two more Australian retailers could be acquired by overseas-based suitors.
Subscribe today or login
Gain access to exclusive news, article locked content and much more. Subscribe today for:
Inside Retail Polls
Inside Retail Directory
Competition in the Australian luxury market is heating up as new channels and consumers come to the fore. https://t.co/W6O4FqUQGc28 mins ago