More Australian “old school” shops to close

 In Australia, NewZealand
I’m not convinced about some of the logic in the Deloitte study forecasting another wave of the international retailer invasion, but the "closing down sale" writing is nonetheless on the wall for more "old school" Australian shops.
Australia has tended to rather slavishly follow US retail trends, albeit a decade or so behind, from the spread of malls to the obvious department store suspects trying to copy American online strategies. And the biggest US retail trend now is shutting shops.
CNBC catalogues the plans of seven American retail chains to close some 2000 stores. There are a variety of reasons for the closures – chains in bankruptcy protection, online competition, bad sites – but perhaps the biggest one is simply being over-shopped and the tendency of the landlord class to keep building shops whatever is happening with retail sales.  Sydney Morning Herald – Read more…

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