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User Info AU: Over 650 store closures in the last 6 months in forum [Consumer]
Lplate
Posts: 4737
Incept: 2008-08-06
Gold
Australia
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edited title to fit: Over 650 store closures, 1,600 retail staff gone in shocking six months for retail industry

Quote:

http://www.smartcompany.com.au/retail/05....
16 July 2012

More than 650 retail store closures have been announced since the beginning of the year, and more than 1,600 workers left without jobs – the latest as part of Myer's announcement last week that it would shed 100 staff in order to stay competitive.

The figures represent what is becoming one of the worst years for retail in recent history, as businesses struggle against higher costs and competitive pressures, including the growing presence of online companies...
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