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“We have a well-developed plan on how to reset the business," CEO Erica Berchtold said. Read more
“Our website remains open, our team is here and customer orders will continue to be shipped,” the brand owner shared.
COSBOA warns the latest cash rate rise will hit small business from three directions, with retail first in line.
This comes amid a sales surge, which City Chic boss Phil Ryan put down to improved product and a cull on discounting.
Footwear businesses were the hardest-hit category in the fashion space.
Scentre Group has reported that David Jones had paid all rent up to September 30 this year.
Both David Jones and its owner Anchorage Capital Partners have declined to comment.
The expansion follows a record year for parent company Fast Retailing, including its Oceania region.
ANZ Bank thinks Australia's cash rate could potentially surge above 5 per cent by the year's end.
Record fuel prices, a weak dollar and stubborn unemployment haven’t dented NZ retailers’ confidence heading into peak season.
Puma credited strong wholesale performance across the region.
The US owner of Dickies and Scotch & Soda is in exclusive talks to potentially acquire the Kathmandu and Rip Curl owner.
The 20% uplift comes as the brand returns to Sydney CBD's retail space.
The Fashion Council is bringing together six local manufacturers and pitching them towards new business.
Jag general manager Jalda Azad said the collaboration was originally planned as a 10- to 15-piece range.
A discounting strategy has begun as the brand exits six more stores.
Frasers is nearing the 26 per cent mark, which will allow it to add a second member to Accent's board.