Stitched up: How the global giants are squeezing out Australian fashion

 In Australia, NewZealand
It’s been a bloody few weeks for Australia’s apparel sector as retail’s killing season claimed its annual bounty of weak and weary brands.
Four national apparel chains have collapsed in just two weeks and insolvency specialists claim the combination of rising costs and weak or falling sales have pushed a number of other, prominent fashion chains onto the endangered list.
Smart Sydney suit-maker Herringbone and stablemate Rhodes & Becket collapsed this week pushing retail sector job losses up towards the 3000-mark since December.
The carnage of the last fortnight follows the collapse of kids clothing chain Pumpkin Patch as well as Payless Shoes at the end of last year. It’s sharpened the focus on Australia’s mid-market fashion chains and the immense challenges facing this broad swathe of the retail market. Sydney Morning Herald – Read more…

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