Zara: closed all Australian stores from close of business on Wednesday, April 1. Stores closing in 2020: Up to 1,200. Victoria's Secret is permanently closing a quarter of its stores in the United States and Canada over the next few months. It comes after the company made a similar decision in New Zealand, the UK and the Republic of Ireland. THE MAJORITY of Target stores across the Far North are set to be shut down or revamped by mid-year as parent company Wesfarmers tries to stem its losses and focus on its growing Kmart chain. Winning Appliances: temporarily closed 22 bricks-and-mortar stores and showrooms across Australia from close of business, Sunday, March 29. In Queensland, 22 stores will close … The end of the checkout signals a dire future for those without the right skills, Amazon expands delivery capability with gig workers, The Iconic partners with Salvos, AusPost to keep old clothes out of landfill, “A new line in the sand”: Peri Macdonald talks green shopping centre design, Beacon profits from DC sale, new lease accounting standard, Woolies-backed meal kit company hires data-driven marketer, How travel bans will impact luxury retailers this Lunar New Year, Brisbane’s lockdown ends tonight, masks mandatory in retail for next 10 days, Brisbane enters three-day lockdown, businesses to close for the weekend, The role of the retailer in a mask mandate, What retailers need to consider for their lockdown contingency plan, Unlimited access to news,insights and opinions, Independent research reports and forecasts. The Caneland Central store will immediately commence a final closing down sale to clear all remaining merchandise. During the stand down period, workers will continue accuring entitlements and can access their annual and long service leave. High-end audio company Bose has announced it will close all its Australian stores as they struggle to compete with online sales. “The decision to temporarily close all Myer stores and stand down so many loyal and dedicated team members is one of the toughest decisions this Company has faced in its 120 years of operation,” Myer CEO John King said in a statement. Michael Hill jewellers closed its stores in Australia, New Zealand and Canada amid the coronavirus outbreak. Online competition didn’t kill Jeanswest. The retrial giant said a six-year slide in earnings was to blame. ‘Partial closure of the most unprofitable and shorter lease stores is more likely,’ Macquarie said in the note, revealed in The Australian. Even though they offer coupons, some people find that the items are too expensive and not worth the money. However, while they might be doing well as a whole, that … With the coronavirus outbreak leading the federal government to implement social distancing rules, travel restrictions and business closures, the retail sector has been hard hit. In all, up to 167 of 284 stores across Australia will either shut or convert, after a review found financial performance unsustainable at the troubled Target business. They’re one of the primary retailers for womenswear and lingerie, and they continue to be popular with their customers. Wesfarmers announce up to 75 Target outlets around Australia are set to close after a review found stores not performing financially. Mecca: temporarily closed stores from close of business on Sunday, March 29. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. … Struggling bargain chain department store Big W has finally confirmed that they will be closing 30 stores over the next three years Australia-wide due to falling profits. The remaining 50 Target Country locations will shut and a further 10 to 25 large-format Target stores will also close. The retrial giant said a six-year slide in earnings was to blame. Nike said it will close its stores in the U.S., Canada, Western Europe, Australia and New Zealand beginning March 16 through March 27. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. In About-Face, UK Will Not Allow Huawei To Be Involved In Any Part Of... Universal Orlando Parks Will Reopen June 5 Despite Risk Of... Pro-Privacy Lawmakers Secure A Vote To Protect Browsing Data From... Jurassic World: Dominion Is Definitely Not The Planned End Of The... White Twitch Talk Show Host Finally Drops 'Rajj Patel' Moniker, Everything We Know About The PlayStation 5. EB Games, Harris Scarfe, Bardot and Curious Planet – formerly known as Australian Geographic – are all closing stores within weeks. The stores will be closed from 6pm on Thursday 26 March until Wednesday 22 April 2020. Jeanswest: closed all bricks-and-mortar stores until further notice from Friday, March 27. Uniqlo: temporarily closed stores from close of business Wednesday, April 1. Myer is standing down around 10,000 staff and they won’t be paid during that period. Around the world, Victoria’s Secret has over 1,100 different stores. The Meadow Springs store in Mandurah, West Australia, will close on August 1, while Target in Pasadena, South Australia, closes on May 30. Freedom has temporarily closed all of its stores, except for one in Toowoomba, with its online stores remaining open. Sussan Group (Sussan, Sportsgirl, Suzanne Grae): temporarily closed stores from 5pm on Thursday, March 26, for a period of approximately four weeks. Gazman: closed all bricks-and-mortar stores from Wednesday, March 25. 7NEWS understands the discount store, which has more than 350 locations across the country, will be closing four shopfronts in South Australia and four in Victoria by year's end. Give us your thoughts on these small business practices to win a $250 Westfield gift card, What it takes to be a reference actor for animation, Why it's physically impossible to open an aeroplane door mid-flight, Doing these 24 uncomfortable things will pay off forever, Yes, Apple just killed iTunes — here's what that means for your library of music, movies, and TV shows. R.M Williams: closed Australian stores from close of business on Saturday, March 28, and closed its factory in South Australia on Wednesday, April 1. Stores closing in 2020: Up to 1,200. Bose plans to close its entire retail store footprint in North America, Europe, Japan, and Australia. Japanese clothing retailer Uniqlo has temporarily closed all 22 of its Australian stores amid the coronavirus... Freedom Furniture. The retail giant released a statement on Sunday March 15, stating all stores in the US, Canada, Western Europe, Australia and New Zealand will close from March 16 through March 27 to limit the spread of the virus. 16 hours ago. implement social distancing rules, travel restrictions and business closures, Cotton On Group CEO Peter Johnson said in a statement, closed its stores in Australia and New Zealand, closed all of its Australian stores from March 28 until April 27, closing its Australian retail stores by 5pm on Friday, Accent Group CEO Daniel Agostinelli said in a statement, Mosaic said, according to the Sydney Morning Herald, closed its stores in Australia, New Zealand and Canada amid the coronavirus outbreak, A look back at the Aussie retailers which have collapsed or gone into administration over the past few years, Scott Morrison has announced pubs, clubs and other venues ‘where people congregate’ will be shut across Australia from midday on Monday. The shop will immediately commence a closing down sale. Here's what it was like. The company, which has 200 employeees, was founded by businesswoman Jodhi Meares, the ex-wife of James Packer. The writing is on the wall for some of Australia’s favourite clothing brands, with Speciality Fashion Group set to close 300 Rivers, Katies and Millers outlets. It seems nowhere has been hit harder by the decline in physical shopping than Payless. Last year, they shut down 60, and this year, 41 more stores are closing for good. Kikki K: closed the remaining 59 bricks-and-mortar stores still trading from close of business on Friday, March 27. RM Williams has temporarily closed all of its Australian stores from March 28 until April 27. Share UPDATE: More Cotton On Stores Closing Down on Pinterest; Share UPDATE: More Cotton On Stores Closing Down on Tumblr; Share UPDATE: More Cotton On Stores Closing Down via email; Share UPDATE: More Cotton On Stores Closing Down via browser; Comments. Bose plans to close its entire retail store footprint across North America, Europe, Japan, and Australia. Reply. Premier Retail CEO Mark McInnes voluntarily decided to work from home without pay or any other entitlements until April 22. Bose is set to close all 119 of its brick-and-mortar stores in the U.S., Canada, Europe, Japan, and Australia “over the next several months,” the company revealed on Wednesday, January 15. AddedMay 21st, 2020. MUJI. Bargain of the century postage wise. Thousands of stores will close across Australia this week, as some of the country’s largest retailers take drastic action to cut costs in the face of falling foot traffic due to COVID-19. Reply. But this does … 7. To minimise losses, Guess retrenched most of its store staff, 150 of its corporate employees, and has cut the salaries of management significantly. Visit Business Insider Australia’s homepage for more stories. Decjuba: temporarily closed all bricks-and-mortar stores from close of business, Sunday, March 29. Here is a long, but not exhaustive, list of retail businesses that have announced store closures so far: Accent Group (Hype DC, Platypus, The Trybe and corporate-owned The Athlete’s Foot): Mosaic Brands (Noni B, Millers, Katies, Crossroads, Autograph, Rivers, Rockmans, W. Lane, Beme): Premier Investments (Smiggle, Peter Alexander, Just Jeans, Jay Jays, Dotti, Jacqui E): Kogan posts rise in half year revenue and profits, Bushfire and drought impact Super Retail’s start to the year. Pier 1 said in January that it planned to close 450, representing … TASMANIA. This is what the new rules mean. Several retailers have closed their doors, leaving thousands of Australians out of work. Cue Clothing Co (Cue, Veronika Maine): closed bricks-and-mortar stores from Saturday, March 28. As a result, up to 40 of their stores will be closing down between now and 2020, with the potential for more if things go downhill. THE MAJORITY of Target stores across the Far North are set to be shut down or revamped by mid-year as parent company Wesfarmers tries to stem … Full time and part-time workers, however, can access their annual and long service leave, as well as government assistance. rachelvk said; 01 May 2020 1:53 pm; I am amazed that there haven’t been more closures. Brand Collective (Clarks, Elka Collective, Elwood, Hush Puppies, Mossimo, Shoe Warehouse, Superdry): closed bricks-and-mortar stores from close of trade on Sunday, March 29, for approximately one month. 30 Comments ; Post a comment ; Frankiielot said; 30 Dec 2020 10:04 pm; I think cotton on is quite expensive. AuMake: temporarily closed the four remaining stores still trading from Monday, March 30. GameStop: 320 stores. Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta. Chico’s. ... QUEENSLAND. The retailer has around 2,500 staff across its 300 stores globally, which are now shut for an indefinite period of time. Workers will get access to their leave entitlements and can access unemployment measures such as Newstart. Premier Investments, the owner of Smiggle, Peter Alexander, Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti, is temporarily closing all stores in Australia from 6pm today, March 26, and standing down … Retailers are closing thousands of stores following years of declines in sales and customer traffic. Factory X (Gorman, Alannah Hill, Dangerfield, Princess Highway, Jack London). All stores in the United States, Canada, Western Europe, Australia and New Zealand will be closed March 16 through March 27. GameStop said in March that it closed 333 stores in fiscal 2019 and … The Target retail brand is set to almost vanish in Australia, with parent company Wesfarmers announcing that up to 167 Target stores would either be re-branded to Kmart or closed down entirely. Premier Investments – which owns retailers including Just Jeans, Jacqui-E, Jay Jays, Smiggle and Peter Alexander – is temporarily closing all of its retail stores following the coronavirus outbreak. • March 25: Fashion conglomerate Mosaic Brands, which owns the Noni B, Rivers and Katies brands among others, has closed more than 1300 stores and stood down 7000 … Subway is closing down stores around Australia, battling decreasing revenue and franchisees are bearing the brunt. According to Kim Do, senior industry analyst at IBISWorld, the last five years has seen the number of … Online retail will continue in Australia, Europe and the USA. The writing is on the wall for some of Australia’s favourite clothing brands, with Speciality Fashion Group set to close 300 Rivers, Katies and Millers outlets. Most of the impact will be felt by regional Australia, with Target Country stores making up a large number of the total closures. Just when you thought the retail apocalypse couldn’t get any worse. Workers can also access their annual leave or long service leave if they want to. Myer will close its stores from Monday and stand down 10,000 store and support centre staff, taking retail job losses from the COVID-19 crisis to more than 40,000.. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. SOUTH AUSTRALIA. All of the Bose retail stores in North America, Europe, Japan and Australia will close, marking a total of 119. Cotton On closed all of its 650 Australian stores on Sunday March 29 amid the coronavirus outbreak, with its online business remaining open. “The group has recently seen a significant drop in store traffic and revenue, a direct result of the community’s response to the COVID-19 outbreak and the government’s “social distancing” recommendations,” Mosaic said, according to the Sydney Morning Herald. Source:Supplied Macquarie Wealth Management revealed the news in a client note on March 15, 2019, stating that they may close up to 60 stores Australia wide after losing $110 million last financial year and $8 million in the first half of 2019. Execs say they’re willing to open more stores, but … 18 hours ago . Just Cuts: closed around 190 salons for at least the next four weeks from Friday, March 27. More than 160 Target stores across Australia are set to close or be rebranded as Kmarts in another blow to the country's struggling retail sector. Joyce Abaño. R.M Williams: closed Australian stores from close of business on Saturday, March 28, and closed its factory in South Australia on Wednesday, April 1. We compiled a list of companies that have halted operations amid the pandemic: Japanese clothing retailer Uniqlo has temporarily closed all 22 of its Australian stores amid the coronavirus outbreak. I moved to the US from China — here are the biggest cultural differences I've noticed between the 2 countries, Bath & Body Works is now a standalone company — we visited a store and saw why it's been L Brands' secret weapon, CBA and NAB pass on RBA interest rate cut in full, but ANZ and Westpac defy Treasurer Josh Frydenberg's orders, How to watch Netflix on your TV in 5 different ways, The incredible story of Ferrari's 72-year journey from an upstart racing team to a $27 billion luxury brand. At the moment there are 285 Target stores in Australia, with four stores closing between July and December 2019. Unless someone buys the business in the next year, we can say goodbye to the 67 iconic Australian Geographic science stores around the country. • March 25: Accent Group is temporarily closing of all its stores, which include The Athlete's Foot, Hype and Platypus, with 5000 workers impacted.You can continue to shop these brands online. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Subway is the largest fast food franchise in Australia by store count, but it has been shrinking rather than growing over the past few years. ... Ed Harry operates 87 stores and employs 498 staff Australia wide. Hanes (Bonds, Bras N Things, Champion and Sheridan): temporarily closed around 450 bricks-and-mortar stores from close of trade on Tuesday, March 31. Chico’s has announced that it will be closing up to 250 stores in 2020. City Chic: closed bricks-and-mortar stores from close of trade on Saturday, March 28, for an indefinite period. The Limited … “However, with the federal and state governments announcing over the past couple of days increasingly stringent measures for social distancing to keep us all safe, we now have no choice but to close all of our store networks across Australia, to protect our store teams and prevent the spread of COVID-19 in our communities.”. Jewellery chain Lovisa has closed its stores in Australia and New Zealand, with online orders and delivery still available. The move will result in hundreds of employees being laid off. “As we navigate through some pretty tough times right now, our number one priority is to protect the livelihoods of our teams around the world as best we can,” he said. Target stores closing or being converted to Kmart stores in Queensland. A rolling list of retailers that have shut their doors amid the coronavirus outbreak, including Michael Hill, Noni B and The Athlete's Foot Uniqlo. The closure will remain for four weeks, with all employees and most of its support office employees being stood down without pay during that time. Sussan Group (Sussan, Sportsgirl, Suzanne Grae): temporarily closed stores from 5pm on Thursday, March 26, for a period of approximately four weeks. Parent company Wesfarmers’ 2019 financial year results reveal that Target’s total sales were down 1.5 per cent as the discount chain restructures. Mass closures as Premier, Accent, Lovisa and others shut stores. “We continue to … Mosaic Brands, which owns Noni B, Rivers and Katies, announced the suspension of all store operations from Thursday, with no specification on how long it will last. Colette by Colette Hayman: closed the 72 remaining stores still trading from close of business, Thursday, March 26, for an indefinite period. (Source: Getty) Target stores are set to shut their doors as a tough retail environment continues to bite. 14 hours ago. “We have been doing our best to keep our stores open and our people safe and in work,” David Bortolussi, group president of Hanesbrands said in a statement. Star Wars Jedi: Fallen Order Just Got A Free PS5/Xbox Series X Update. Its stores will stay open while the administrators find a buyer. Myer is temporarily closing all of its stores for an initial four weeks, from March 29 until April 27. Australia’s vanishing stores. Cotton On Group CEO Peter Johnson said in a statement the company will continue paying its part-time and full-time workers in Australia. ‘Given significant closure … This includes more than 1300 stores, with nearly 7000 workers stood down. Kathmandu Holdings – which owns Kathmandu, Rip Curl and Oboz brands – is closing its Australian retail stores by 5pm on Friday to ensure the health and safety of its workers. 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