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. Pier 1 Imports: 950 stores. Fashion brand Tigerlily went into voluntary administration, with administrator KordaMentha saying it was due to the impact of the coronavirus, the ABC reported. Sussan Group (Sussan, Sportsgirl, Suzanne Grae): temporarily closed stores from 5pm on Thursday, March 26, for a period of approximately four weeks. Cotton On closed all of its 650 Australian stores on Sunday March 29 amid the coronavirus outbreak, with its online business remaining open. According to Kim Do, senior industry analyst at IBISWorld, the last five years has seen the number of … To minimise losses, Guess retrenched most of its store staff, 150 of its corporate employees, and has cut the salaries of management significantly. Discount department store Target revealed on Friday it would be closing or converting stores to Kmart in a massive restructure, after parent company Wesfarmers decided the current model was “unsustainable”. Unless someone buys the business in the next year, we can say goodbye to the 67 iconic Australian Geographic science stores around the country. 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. 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. GameStop: 320 stores. Jewellery chain Lovisa has closed its stores in Australia and New Zealand, with online orders and delivery still available. Cotton On Group (Cotton On, Cotton On Kids, Cotton On Body, Rubi, Typo, Factorie, Supre) temporarily closed bricks-and-mortar stores from 5pm on Sunday, March 29. However, they have access to leave entitlements and government assistance. The Caneland Central store will immediately commence a final closing down sale to clear all remaining merchandise. ... Ed Harry operates 87 stores and employs 498 staff Australia wide. 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 … 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.. VICTORIA. The retailer has around 2,500 staff across its 300 stores globally, which are now shut for an indefinite period of time. Reply. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. The Reject Shop's chief executive has quit after the troubled retailer announced store closures and slashed its full-year guidance to predict a loss of up to $2 million. Thousands of stores will close across Australia this week, as some of the country’s largest retailers take drastic action to cut costs … Jeanswest: closed all bricks-and-mortar stores until further notice from Friday, March 27. The company announced Friday it will close down all of its 83 physical stores and switch to online only. 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. About half of all Target stores across the country will either close or be converted into Kmart stores in the next year. MUJI. More than 3000 employees have been stood down, with the company continuing to pay the salary of permanent workers for at least two weeks after stores closed. The Meadow Springs store in Mandurah, West Australia, will close on August 1, while Target in Pasadena, South Australia, closes on May 30. It comes after the company closed its New Zealand stores and distribution centres on March 24 for at least four weeks. The company, which has 200 employeees, was founded by businesswoman Jodhi Meares, the ex-wife of James Packer. 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. We took a 4-hour flight on the new Delta Airbus jet that Boeing tried to keep out of the US. Bad news for shoppers: 300 Millers, Katies and Rivers stores set to close. “This is a challenging decision for any business to make and not one that we make lightly, but we believe it is the right thing to do for our community,” Uniqlo said on its website. Its stores will stay open while the administrators find a buyer. Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta. 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. GameStop said in March that it closed 333 stores in fiscal 2019 and … BREAKING: 4 major Aussie retail stores have just CLOSED for good Get all the details here - by Amy Sinclair In another blow to shoppers all over Australia, more stores have announced their shock closure today. “Whilst it is clear that the suspension of our store networks is necessary for the safety and wellbeing of our people and our customers – we know also that this will be a time of great uncertainty for them too, and we are doing our best to provide them with the support that they need through this difficult time,” Michael Hill chair Emma Hill said, according to the SMH. 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. Workers will get access to their leave entitlements and can access unemployment measures such as Newstart. Australian Target fans are in mourning today after parent company Wesfarmers announced up to 167 stores could disappear forever over the next year. Innisfree: closed stores for an estimated four weeks from close of business on Tuesday, March 31. Workers will still be paid in full during this time off. All of the Bose retail stores in North America, Europe, Japan and Australia will close, marking a total of 119. However, while they might be doing well as a whole, that … Just Cuts: closed around 190 salons for at least the next four weeks from Friday, March 27. Here's what it was like. “We’ve kept our stores open for as long as possible, but due to the unfolding situation with Coronavirus (COVID-19) and Government recommendations we have temporarily closed our stores (with the exception of freedom Toowoomba) and retail support centres,” the company said on its website. Greenlit Brands (Freedom, Fantastic Furniture, Snooze, OMF, Plush): Freedom temporarily closed all stores except for its Toowoomba store from Wednesday, April 1; Fantastic Furniture remains open with increased sanitising and cleaning procedures in place; Snooze temporarily closed some stores, depending on the franchise owner, from Thursday, April 2; Plush temporarily closed all showrooms from Monday, March 30. 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. Wesfarmers will shut up to 75 Target stores and convert another 92 to Kmarts in a massive restructure of the struggling discount department chain. Just when you thought the retail apocalypse couldn’t get any worse. 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. Star Wars Jedi: Fallen Order Just Got A Free PS5/Xbox Series X Update. High-end audio company Bose has announced it will close all its Australian stores as they struggle to compete with online sales. Its online business will continue operating. Stores closing in 2020: Up to 1,200. 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. But this does … Its retail and head office workers will, save for some skeleton crew, will be stood down without pay for four weeks. In 2019, a significant number of retailers made the decision to close stores, with more than 9,000 locations reportedly shutting down throughout the year. Gazman: closed all bricks-and-mortar stores from Wednesday, March 25. “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. H&M: temporarily closed all bricks-and-mortar stores from close of business Wednesday, April 1. Victoria's Secret is permanently closing a quarter of its stores in the United States and Canada over the next few months. Factory X (Gorman, Alannah Hill, Dangerfield, Princess Highway, Jack London). AddedMay 21st, 2020. Decjuba: temporarily closed all bricks-and-mortar stores from close of business, Sunday, March 29. Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta. 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 stores and shopping centres are technically still allowed to trade, but a growing number of retailers in discretionary categories, especially fashion, have opted to close stores, citing their desire to support the public health measures. 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. Target stores closing or being converted to Kmart stores in Queensland. Boring retail killed Jeanswest. The Limited … Winning Appliances: temporarily closed 22 bricks-and-mortar stores and showrooms across Australia from close of business, Sunday, March 29. 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 Best Snapchat Games To Play Right Now, Disable UPnP On Your Wireless Router Already, This Android Wallpaper Can Brick Your Phone. The US-owned company has confirmed it will close all 119 of its brick and mortar stores in Australia, Europe, Japan and North America. SOUTH AUSTRALIA. I … 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. The retail group behind clothing brands Rivers, Millers, Katies and Noni B plans to shut up to 500 stores following the financial blow of bushfires and COVID-19, … Australia’s vanishing stores. City Chic: closed bricks-and-mortar stores from close of trade on Saturday, March 28, for an indefinite period. RAG Group, which owns brands such as Tarocash, YD and Connor, will also close over 500 stores from 5pm on Friday, standing down 3000 employees. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Around the world, Victoria’s Secret has over 1,100 different stores. “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. “We continue to … 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. “The group is working with its business partners and is reviewing its cost of doing business, with a view to reducing costs to match expected revenue.”. “This is the hardest decision ever made by Premier- our team are our family and we want to do everything we can to keep them employed, but we believe that it is necessary and the right decision for them, their families, our customers, and the country,” the company said in a statement. Toys R Us and Babies R Us stores across Australia will be shut down after the company's local administrators said they were unable to find a buyer for the embattled brand. 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. “The company intends to do everything possible to return the business to normal operations when environmental conditions normalise whilst always prioritising the safety and wellbeing of our team.”. They’re one of the primary retailers for womenswear and lingerie, and they continue to be popular with their customers. 7. TASMANIA. Mass closures as Premier, Accent, Lovisa and others shut stores. 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. “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.”. Target stores closing. Even though they offer coupons, some people find that the items are too expensive and not worth the money. This is what the new rules mean. ... QUEENSLAND. Full list of the Target stores closing, rebranding as Kmart NSW. Most of the impact will be felt by regional Australia, with Target Country stores making up a large number of the total closures. This includes more than 1300 stores, with nearly 7000 workers stood down. Sussan Group (Sussan, Sportsgirl, Suzanne Grae): temporarily closed stores from 5pm on Thursday, March 26, for a period of approximately four weeks. Kikki K: closed the remaining 59 bricks-and-mortar stores still trading from close of business on Friday, March 27. 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. April 13, 2018 3 mins read + Store closures have become commonplace in recent years and, this year, about 1.3 per cent of the number of consumer goods retailers in the country are expected to close, bringing the number down from 76,490 to 75,503. 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. Hanes (Bonds, Bras N Things, Champion and Sheridan): temporarily closed around 450 bricks-and-mortar stores from close of trade on Tuesday, March 31. Country Road Group (Country Road, Trenery, Mimco, Politix): closed bricks-and-mortar stores from close of business on Saturday, March 28, for an indefinite period. 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. Hanesbrands, which owns brands including Bonds, Bras ‘N Things, Champion and Sheridan closed all of its roughly 450 stores in Australia on March 31. Bose plans to close its entire retail store footprint across North America, Europe, Japan, and Australia. Sussan Group (Sussan, Sportsgirl, Suzanne Grae): temporarily closed stores from 5pm on Thursday, March 26, for a period of approximately four weeks. “Our focus must remain on operating our business in a manner that protects the health and wellbeing of customers and team members, whilst supporting the government, and the communities in which we operate, in limiting the spread of COVID-19.”. More than 9,000 workers will be impacted globally, with all employees stood down except for a few who will be required to do “essential work”. The remaining 50 Target Country locations will shut and a further 10 to 25 large-format Target stores will also close. 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. The Japanese lifestyle brand has filed for Chapter 11 … Myer is standing down around 10,000 staff and they won’t be paid during that period. Here's the full list of Target stores closing. Its also follows a slew of bad news for retailers in Australia. Michael Hill jewellers closed its stores in Australia, New Zealand and Canada amid the coronavirus outbreak. We Still Don’t Know What Bowser’s Fury Is But It Has Giant Cat Mario And Bowser. 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Under the drastic plan, up to 75 Target stores will be closed down while 92 will be converted into Kmart outlets, meaning around half of Target’s 284-odd Australian stores could be affected. 20 hours ago. Online retail will continue in Australia, Europe and the USA. “It is with a heavy heart that we have made this decision, but we believe this to be in the best interests of the health and wellbeing of our team members,” Accent Group CEO Daniel Agostinelli said in a statement. During the stand down period, workers will continue accuring entitlements and can access their annual and long service leave. Full time and part-time workers, however, can access their annual and long service leave, as well as government assistance. It comes after Hanes Australia closed around 40 stores in the US, New Zealand, South Africa and the UK. 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. Locals have revealed that Paul’s Warehouse USA Outlet in Gregory Hills, NSW, has permanently closed its doors. rachelvk said; 01 May 2020 1:53 pm; I am amazed that there haven’t been more closures. Nick Scali: closed all stores from close of business Monday, March 30, until Friday, May 1. The stores will close from April 2 until further notice, with online delivery still available. Reply. A Target store in Melbourne. The move will result in hundreds of employees being laid off. 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. The stores will be closed from 6pm on Thursday 26 March until Wednesday 22 April 2020. It seems nowhere has been hit harder by the decline in physical shopping than Payless. The retrial giant said a six-year slide in earnings was to blame. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. The brand announced that it will be closing down 100 of its stores worldwide as sale plummeted – mainly due to extended closures of their stores due to the Covid-19 pandemic. 30 Comments ; Post a comment ; Frankiielot said; 30 Dec 2020 10:04 pm; I think cotton on is quite expensive. 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. Retailers are closing thousands of stores following years of declines in sales and customer traffic. 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. The conglomerate currently runs 1,019, but they’re actively looking to reduce that number. Mecca: temporarily closed stores from close of business on Sunday, March 29. “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. The Federal Government will force even more businesses shut as Australia approaches a full lockdown. This is on top of the company temporarily shutting RM Williams Boot Rooms in New Zealand, the UK and the US. EB Games, Harris Scarfe, Bardot and Curious Planet – formerly known as Australian Geographic – are all closing stores within weeks. 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. Chico’s. Visit Business Insider Australia’s homepage for more stories. Subway is closing down stores around Australia, battling decreasing revenue and franchisees are bearing the brunt. But shoppers in south-west Sydney will still be able to visit the Macarthur and Narellan stores nearby. • 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. Nike said it will close its stores in the U.S., Canada, Western Europe, Australia and New Zealand beginning March 16 through March 27. We compiled a list of the 6,403 closures that have been announced so far in 2017. Cotton On stores to close across Australia due to coronavirus outbreak Breaking: Myer to close all of its stores & stand down 10,000 workers due to the coronavirus pandemic Breaking: Popular swimwear brand Tigerlily collapses into voluntary administration - coronavirus the final straw In Queensland, 22 stores will close … Accent Group, which owns footwear brands including The Athlete’s Foot, Platypus and Hype, is closing all of its stores from 5pm on Friday 27 March. Execs say they’re willing to open more stores, but … Colette by Colette Hayman: closed the 72 remaining stores still trading from close of business, Thursday, March 26, for an indefinite period. Workers won’t be paid during this time, with the company putting in place special arrangements for them to access accrued annual and long service leave entitlements. Cotton On Group CEO Peter Johnson said in a statement the company will continue paying its part-time and full-time workers in Australia. Stores closing in 2020: Up to 1,200. RM Williams has temporarily closed all of its Australian stores from March 28 until April 27. Wesfarmers announce up to 75 Target outlets around Australia are set to close after a review found stores not performing financially. The shoe retailer has suffered a… Workers can also access their annual leave or long service leave if they want to. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. “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. Cue Clothing Co (Cue, Veronika Maine): closed bricks-and-mortar stores from Saturday, March 28. 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. They used to … Online competition didn’t kill Jeanswest. 14 hours ago. Premier Retail CEO Mark McInnes voluntarily decided to work from home without pay or any other entitlements until April 22. Victoria’s Secret. Japanese clothing retailer Uniqlo has temporarily closed all 22 of its Australian stores amid the coronavirus... Freedom Furniture. 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 … At the moment there are 285 Target stores in Australia, with four stores closing between July and December 2019. APG & Co (Saba, Sportscraft, Jag): temporarily closed bricks-and-mortar stores from Wednesday, March 25. It comes after the company made a similar decision in New Zealand, the UK and the Republic of Ireland. ‘Given significant closure … 16 hours ago. 18 hours ago . Last year, they shut down 60, and this year, 41 more stores are closing for good. Nintendo Australia Just Launched An Online Store With Rewards And New Products. Uniqlo: temporarily closed stores from close of business Wednesday, April 1. All stores in the United States, Canada, Western Europe, Australia and New Zealand will be closed March 16 through March 27. • 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 … Lenovo’s 2021 Gaming Laptop Range Includes RTX 3000 GPUs And A Sexy Slim Laptop. 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. Source: Getty. Joyce Abaño. Zara: closed all Australian stores from close of business on Wednesday, April 1. Macquarie Wealth Management first announced the possibility of closing 60 stores Australia wide on March 15 after reviewing Big W’s business in the wake of the company losing $110 million last financial year and $8 million in the first half of 2019. A Big W store has been forced to immediately close its doors after years of low sales, while the COVID-19 pandemic continues to batter Australia's already embattled retail industry.. ‘Partial closure of the most unprofitable and shorter lease stores is more likely,’ Macquarie said in the note, revealed in The Australian. Myer is temporarily closing all of its stores for an initial four weeks, from March 29 until April 27. Bargain of the century postage wise. Bose plans to close its entire retail store footprint in North America, Europe, Japan, and Australia. 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. AuMake: temporarily closed the four remaining stores still trading from Monday, March 30. Source:Supplied According to The Australian, the closure affects more than 5000 workers across more than 500 stores. 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. 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. … Retail Apparel Group (Tarocash, Connor, YD, Johnny Bigg): temporarily closed stores from Monday, March 30. 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. 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