Business
Economic pain could see many more Aussie retailers shut up shop – Herald Sun
The ongoing financial impacts of the coronavirus pandemic are placing immense pressure on some of Australia’s major retailers, with iconic brands in the firing line for closures.
The ongoing financial impacts of the coronavirus pandemic are placing immense pressure on some of Australias major retailers, with iconic brands in the firing line for closures.
Mosaic Brands, which owns well-known fashion outlets including Rivers, Katies, Rockmans, Noni B and Crossroads, has been in talks with its shopping centre landlords to renegotiate leases but still anticipates potentially closing up to 500 stores over the next year or two.
That’s even after the clothing giant reopened 1…
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