The discrepancy is also reflected in its first seven weeks of trading in H2 FY23.

The debts range from tax to internal staff.

Insolvency firm Worrells’ principal Matthew Kucianski has been appointed as liquidator.

Australia’s top 30 clothing brands and retailers bring in at least 60% of the 1.5 billion units of clothing that is imported each year.

The value department store is set to stage two events at the Festival.

The jewellery brand has unveiled a series of new stores.

The current leader is stepping down after 11 years in the role.

The baby retailer, which stocks brands such as Bonds and Disney, has seen store sales grow to 80% of revenue.

The event will have flow-on effects for retailers, particularly across Sydney's CBD.

The workwear brand has struck a chord with its latest brand ambassador.

The department store is turning windows into animated performance platforms.

"We are proud to be standing in solidarity with the LGBTIQA+ community."

“Our growth in luxury is the result of our deliberate investment strategy."

The brand doubled its total sales compared to the same period last year.

The sportswear retailer now draws 84% of sales from its network of stores.

Once complete, SYD X will have Australia’s largest collection of luxury brands.