It looks like you're new here. If you want to get involved, click one of these buttons!
If you can read this message, please contact us immediately at the following email address:
We'd like to communicate.
IT’S BEEN a nightmare year for Australian retail, with a parade of the nation’s best-known brands decimated one after another.
And experts say things will only get worse if business leaders and governments do not pick up their game.
First it was Dick Smith Electronics, then the Woolworths-owned Masters home improvement chain that went under. Now, thousands more workers will be jobless at Christmas after a fresh slew of corporate collapses rounded out 2016.
Payless Shoes this week announced plans to close its doors by the end of February, hot on the heels of Howards Storage World’s demise, and that of children’s fashion label Pumpkin Patch.
While Treasurer Scott Morrison seized on the latest bad news to bolster the Coalition’s tax reform agenda, market watchers say there is far more that needs to be done.
Retail analyst Barry Urquhart of Marketing Focus said neither corporate leaders nor government had acknowledged what he called “an attitudinal recession” that was restraining businesses.
While the nation was yet to tip into an official recession — despite having just marked its worst quarterly performance since the global financial crisis — Australians remained apprehensive about their futures, he said.
And any business that failed to respond to this by recapturing the public imagination with a compelling, value-driven offering would simply fall by the wayside.
It’s magnificent, but is it worth $529?Source:Supplied
WHAT’S WRONG WITH THIS RUBBISH BIN
Dropping half a grand on a kitchen waste bin is the kind of decadent behaviour that most Australians can only dream of.
And while this gleaming, fingerprint-proof stainless steel contraption may be an OCD home maker’s dream, the $529 price tag perfectly illustrates why Howard’s Storage World has gone under.
“Designed for superior durability and strength with a solid steel platform pedal and step area,READ MORE: