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Christmas miscalculation blamed for driving store closures

The first few weeks of 2020 have already seen several Australian retailers announce store closures and staff cuts in a sign that Christmas 2019 did not go as smoothly as some had expected, according to one insolvency expert. Jeanswest is just the most recent example, with the struggling clothing chain revealing plans last week to close 37 stores and make 263 staff redundant, after it fell into administration on January 15. KPMG’s James Stewart, one of the administrators, described the restruct

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