The business will wind up operations effective August 31, 2023.

The group is aiming to reduce its operating expenditure by $13 million on an annualised basis.

“Confidence remained below 80 for a tenth straight week," ANZ senior economist Adelaide Timbrell said.

"Businesses need more support managing higher labour, leasing and supply chain costs as well as insurance."

Strand CEO Felicity McGahan confirmed the venture will arrive in time for the European summer.

It comes despite an overall fall in Australian retail sales volumes by 0.6% during the period.

After 12 years, Dame Trelise Cooper is set to be replaced by a new fashion designer.

"It's new and this is an opportunity to start from zero."

The campaign comes after a study showed consumers aren't aware of how the eyewear retailer is run.

This is the first boutique unveiled as part of a creative reset for the womenswear brand.

CEO Brendan Santamaria speaks exclusively with Ragtrader on the next phase of growth.

Eight finalists have been selected to compete at the global final at an event in Paris on May 15.

The venture will promote reforestation projects in Australia and New Zealand.

The iconic designer confirmed the collaboration began over email in November last year.

The designer is known for crafting custom, made-to-order designs.

While overall retail sales recorded a third straight rise, consumers are pulling back on discretionary items.