Australian retail veteran, Roger Corbett, who needs no introduction, has just ended his most recent…
We warned against this in 2016 already
Retail insolvencies on the rise, report finds – Inside Retail Australia – 4 Mar 2019
More than 465 bricks-and-mortar stores closed their doors for good in the US over the weekend, sparking headlines that the ‘retail apocalypse’ is alive and well.
And while the store closure surge was primarily driven by retailers, such as Gap, J.C. Penney and Victoria’s Secret, ‘rightsizing’ their footprints after a slow December, rather than businesses going bankrupt, it comes as retail insolvencies in Australia are on the rise.
https://www.insideretail.com.au/news/retail-insolvencies-on-the-rise-report-finds-201903