Some 10,000 jobs will be lost at least temporarily in the Myer group. The stores will be closed from 6pm on Thursday 26 March until Wednesday 22 April 2020. Premier Investments – which owns retailers including Just Jeans, Jacqui-E, Jay Jays, Smiggle and Peter Alexander – is temporarily closing all of its retail stores following the coronavirus outbreak. Currently, pubs, cinemas, casinos and other entertainment venues, as well as beauty therapy and waxing businesses and tattoo and massage parlours are not allowed to trade, and restaurants and cafes are restricted to takeaway and home delivery only. Before the pandemic hit, the home goods retailer planned to turn 40 of its stores into empty big boxes by March 2020. Mar 11, 2020, 10:00 AM. More than 160 Target stores across Australia are set to close or be rebranded as Kmarts in another blow to the country's struggling retail sector. Store closures, jobs losses: Retail industry braces for another brutal week . Bose plans to close its entire retail store footprint across North America, Europe, Japan, and Australia. Ascena Retail Group filed for Chapter 11 bankruptcy in July and announced plans to close approximately 1,100 stores. With the rise in online shopping, discount shopping becoming the norm and the middle class shrinking, brick-and-mortar retail is doing quite a bit of downsizing. Posted On : June 29, 2020 Posted By : Posted On : June 13, 2020 Posted By : Posted On : March 12, 2020 Posted By : Breaking: The Australian Open plans to have a safe tournament are in disarray, after a leaked email, Melbourne’s most famous bird – Joe the Pigeon – has been spared his life after it, Breaking: Melbourne lockdown restrictions will not be eased this week as planned. “In Australia and New Zealand close to 70 per cent of stores are already in holdover or with leases expiring in 2020 providing the Group with maximum flexibility,” Premier Investments said in a statement. Premier Investments, the owner of Smiggle, Peter Alexander, Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti, is temporarily closing all stores in Australia from 6pm today, March 26, and standing down most of its employees except for a small number of people required to perform limited essential work. Country Road Group chief executive Scott Fyfe said in a statement on Saturday: “With the continuing evolution of the COVID-19 situation, we believe the time is right to suspend trading across all Country Road Group stores until further notice.”, From 5pm Sunday 29 March, all our AUS stores will be temporarily closed.⁣ ⁣ We want to say a huge thank you to our retail teams who have continued to amaze us with their hard work during this tough time. ⁣ ⁣ We know the new normal is going to take some getting used to, so please know that we're here for you. “The benefit of having a direction [to close] particularly around retail is that it would give [businesses] an ability to not pay rent,” she said. The department store division performance was below expectations, with an EBIT drop of 13.7 per cent. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. See high quality images and videos follow the hashtag #which target stores are closing in australia 2020 . The retail apocalypse is the closing of numerous brick-and-mortar retail stores, especially those of large chains worldwide, starting around 2010 and continuing onward. Today it was announced that Country Road Group will close its stores – Country Road, Mimco, Trenery, Witchery, Politix. That’s a lot of bath mats, bed sheets and potholders. March 30, 2020 … Online sales played a significant part in Bose’s decision. Payless. Another 20 stores were marked for closure from the other … No doubt about it, it’s a rough ride in retail right now. As the retail apocalypse continues to plague retailers in 2020, a number of companies have already announced that they are closing stores this year. Some 280 stores across Australia will close, approximately 5000 workers will be at least temporarily jobless. In 2019, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number since tracking the data began in 2012. New Idea Food. Macy's announced plans in March 2017 to close at least 68 stores and eliminate more than 10,000 jobs. The end of the checkout signals a dire future for those without the right skills, Amazon expands delivery capability with gig workers, The Iconic partners with Salvos, AusPost to keep old clothes out of landfill, “A new line in the sand”: Peri Macdonald talks green shopping centre design, Beacon profits from DC sale, new lease accounting standard, Woolies-backed meal kit company hires data-driven marketer, Couche-Tard drops $20bn Carrefour takeover plan, Q&A: How US celebrity Teyana Taylor found her perfect fit in fashion. “The company intends to do everything possible to return the business to normal operations when environmental conditions normalise, whilst always prioritising the safety and wellbeing of our team.”. And Accent Group is closing its entire store network for four weeks from 5pm on Friday, March 28. Ascena operates Ann Taylor, LOFT, … M&Co said it would continue to operate with 218 stores and 2,220 employees after completing the restructuring, having hired Deloitte as administrators in April. Lucky's Market announced that it will close most of the stores by February 12, 2020. Play Video. The pressure on retailers to remain relevant in the eyes of the consumer have never been stronger. These Chains Are Closing Their Stores In 2020. • March 25: Accent Group is temporarily closing of all its stores, which include The Athlete's Foot, Hype and Platypus, with 5000 workers impacted.You can continue to shop these brands online. After a host of Australia’s largest retail chains closed their entire store networks amid stay-at-home orders across Australian states, some are … The brutal 2020 retail … which target stores are closing; Major retail stores closing, adjusting ... 1280 × 720. The pressure on retailers to remain relevant in the eyes of the consumer have never been stronger. On Saturday, David Joes said it would keep its main stores trading for as long as possible to preserve the ‘livelihoods of our teams’, the company said in a statement to media. Next Release 5/02/2021 Retail Trade, Australia, December 2020; Next Release 4/03/2021 Retail Trade, Australia, January 2021; Next Release 1/04/2021 Meanwhile, more and more retailers say they have no choice but to close stores to protect the health of their staff and customers, and keep their business afloat. Coronavirus Australia: Live List of Retail Stores Closed Due to the Pandemic . But the Federal Government still isn’t backing a broader shutdown of non-essential businesses. Retail; Michael Hill to pay deferred interim dividend after Christmas trade. Michael Hill and Noni B owner Mosaic Brands have also announced sweeping store closures, alongside APG & Co, which owns Saba, Sportscraft and Jag, Retail Apparel Group, which owns Tarocash, Connor, Johnny Bigg and yd., and many others. 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