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Payless Shoes appoints adminstrator
Payless Shoes has been placed into voluntary administration, which comes 10 days after the shoe retailer’s managing director resigned.
Ojay hits rock bottom
Joining the long list of fallen retailers, women's fashion chain Ojay have reportedly been put into administration.
Darrell Lea closes for good
The Lea family, owner and operator of the Darrell Lea Chocolate Shops, has found a buyer for the collapsed business, which will see the closure of all remaining stores by Sunday.
Darrell Lea up for sale after 85 years
Darrell Lea has been placed into voluntary administration, appointing Mark Robinson, Jack Bournelis and Daniel Walley of PPB Advisory as Voluntary Administrators of the business.
Retravision goes under
Retravision Southern has entered into voluntary administration appointing Bryan Webster and Leanne Chesser of KordaMentha as the administrators.
Administrators to shut Sleep City stores
The administrator of the collapsed furniture retail company Furniture and Bedding Concepts, which owns Sleep City and Everyday Living, will be closing all 64 stores over the next six to eight weeks.
Fletcher closes as jobs go
The restructure includes the immediate closure of 15 Fletcher Jones stores across Australia and 61 staff being made redundant.
One week, two hits
Another two retailers - Damelian Automobile and Satch Clothing - have fallen victim to the deepening retail woes.
Aussie fashion label in administration
Another retailer has fallen as a victim of the ongoing difficult trading conditions with Bettina Liano entering into voluntary administration.
REDgroup closing more doors
A further 16 Borders bookstores will close under the third round of restructure, Ferrier Hodgson, the administrators of REDgroup Retail, said.
More REDgroup bookstores to close
A further 12 Angus & Robertson stores are expected to close, the administrators of REDgroup Retail said.The closures will result in 102 staff being made redundant.
Colorado placed in receivership
Receiver James Stewart said the group's decline in performance was largely driven by the poor performance of the Colorado-branded stores. The other brands are performing well given market conditions.
REDgroup redundancies continue
Twenty-six members of the REDgroup Retail’s Melbourne head office have been made redundant, which were effecitve immediately.
For sale: NZ bookstore network
Expressions of interest have been called for 74 Whitcoulls stores, nine Bennetts stores and five Borders stores. Advertisements calling for interested parties to come forward have begun appearing in national newspapers in New Zealand and overseas.
Options kept open for REDgroup
The administrators Ferrier Hodgson of REDgroup Retail is looking for potential buyers of 103 Borders and Angus & Robertson bookstores.
300 job losses as bookstores shut
A total of 321 REDgroup Retail staff have been made redundant following the closure of 37 Angus & Robertson stores and one Borders store, administrators Ferrier Hodgson said.
Dymocks is here to stay
With REDgroup Retail announcing it entered into voluntary administration last week, RetailBiz caught up with book chain Dymocks' CEO Don Grover to see whether they were feeling the pressure of online shopping.
Borders, Angus & Robertson in trouble
REDgroup Retail, which also owns and operates Angus & Robertson and Whitcoulls in New Zealand, has appointed Ferrier Hodgson partners as voluntary administrators
Krispy Kreme rises from the dead
Closing almost half of its underperforming stores, Krispy Kreme Australia has risen from voluntary administration.
Sold: 50% of Westfield Stratford City
The share, which is worth approximately $490 million in profit, has been sold to a new joint venture comprising APG of The Netherlands and CPPIB.
Donut domination
Dreamy Donuts has announced it will be accepting Krispy Kreme vouchers until the end of November.
Krispy Kreme closes 21 stores
It will see 15 stores in NSW, five in Victoria and one in Queensland close its doors with three stores in ACT already closed.
Krispy Kreme in trouble
The company has appointed Mike Smith and Peter Hillig as joint voluntary administrators of the company.
Kleenmaid Group appoints voluntary administrators
The directors of the Kleenmaid Group have called in voluntary administrators to take control of the business.
