In this week’s Inside Retail PREMIUM, they say things have to get worse before they can get better, so here’s hoping things improve from Metcash. The grocery supplier and retail owner is predicting lower profits, mostly as a result of the restructure of its wholesale business.
It’s rosier news over at the Just Group though, with detail on which of the company’s chain’s are seeing improvements.
A small seven store retailer has slipped into receivership, with receivers calling for expressions of interest to purchase the streetwear chain, while a mid-sized women’s apparel chain is beefing up in anticipation of greater international competition on home soil.
Bespoke suiting is all the rage right now as another brand sets up shop with showroom style stores, and Lisa Gorman talks to Inside Retail PREMIUM about expansion and the sale of her fashion business to Factory X.
In international news, J Crew continues its hunt for a buyer, and a US ‘staple’ retailer is severely culling its store network.
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