All the Retailers We Lost In 2019 Revealed

Whichever way you look at it, it’s been an annus horribilis for many big name retailers. In 2019, we witnessed the collapse of a slew of Aussie favourites, with some international players also folding in recent months, news.com.au reported. So where did it all go wrong for these iconic companies – and what does 2020 hold for our struggling retail sector? According to Queensland University of Technology retail expert Dr Gary Mortimer, there are two main factors that caused the downfall of many businesses in 2019 – changing consumer tastes and “overcrowded, hyper-competitive markets”. And in the case of fashion brands like Bardot and Ed Harry, Dr Mortimer said they usually had one thing in common – no point of difference. That means they have struggled to stand out from the crowd and compete with both Aussie retailers and big international players like Zara and H & M when it comes to “mass produced fast fashion at a ‘middle market’ price”. Read more

Location