Barely two dozen employees remain at the embattled book retailer whose administrators found the business didn’t have the funds to retain them.
Consumers are eschewing mainstream fragrances in favour of unique scents that tell a story.
Retail turnover rose by 0.6 per cent in May following two sluggish months of consumer spending.
Chief executive Jere Calmes hopes to cement the outlet as an essential part of the online infrastructure of fashion as consumers rein in spending.
The retail sector has been struggling for almost two years,as high inflation and interest rates hit the spending plans of consumers.
As Australia’s largest online bookseller struggles to forge a viable business model,many independent booksellers have found ways to thrive.
In what some fashion veterans are calling the worst trading conditions in 25 years,more brands are closing amid falling spending and rampant discounting.
Growers were told in a meeting at SPC’s Shepparton office last month that orders of peaches for cans would be reduced by 40 per cent,and pears by 60 per cent.
The head of Treasury says while soft consumer spending will lead to subdued economic growth,household budgets will fare better in the second half of the year.
The Japan-inspired discount chain store has appointed administrators yet again as consumers close their wallets.
Woolworths’ acquisition of a major stake in PETstock has yielded a third beneficiary,PetO,which has its own ambitions of being a major player in the pet store landscape.