Retail collapse a warning for Australia
Business by Benedict Brook 20th May 2021 8:38 AM The shuttering of UK retail icon Debenhams has sent shockwaves across Britain with the insolvent department store leaving a huge gap on 124 high streets and shopping centres. But the ramifications of Debenhams' downfall are reverberating in Australia. A retail analyst has said a "failure of the likes of Debenhams could happen in Australia". COVID-19 hasn't helped retail anywhere. But the problems with department stores, like Debenhams, run deeper. In Australia, chains have gone ...
Source: gladstoneobserver.com.au