Sunday, 27 December 2015

Retail Collapses In 2015

As global retailing adjusts to huge changes there are inevitable departures and here are some retailers who have succumbed to the pressure in Australia.

1. Ernest Hillier – this century old Australian chocolatier was previously sold to a group of investors but collapsed into voluntary administration earlier in the year.
2. Betta Foods – this sister company of Ernest Hillier was a supplier of ice-cream cones, liquorice and other lollies to major retailers like Coles, Woolworths and Aldi. It also fell over earlier in the year.
3. Homeart – long time homewares chain, Homeart, originally started as Copperart in 1978 but collapsed into administration with all remaining stores closed by March 2015.
4. Burdines – this clothing chain operated 12 stores across Melbourne and in regional areas before closing in February.
5. Wendy’s Supa Sundaes – this former master franchisor of the Wendy’s Hot dog and ice cream chain collapsed in July with 4 company owned and operated stores closing. Other Wendy’s outlets operated by Singapore based Supatreats Australia are unaffected.
6. Koko Black – this chocolate retailer with a store at QVM made headlines back in November when it entered administration. Stores have continued to operate.