Why is Country Road struggling with store closures?
Country Road's slide is being put down to it getting squeezed out of the middle of the fashion market, as shoppers become more budget-conscious and look elsewhere, which has fed into falling sales alongside prices seen as "astronomical". This has produced a third straight annual loss for the Australian retailer, deepening store closures and raising doubts about its long-term survival [1].
Sources
- Inside the sad downfall of Country Road: Store closures, falling sales and ‘astronomical’ prices – so can the Aussie fashion icon survive? — Daily Mail
- TV tonight: Joe Lycett broadcasts live from an East End pub – what could possibly go wrong? — The Guardian
- Cédric Kahn on Immersing Himself in an Adolescent Psychiatric Ward for His Venice Competition Film ‘A Place to Heal’ (EXCLUSIVE) — Variety
- One of the Greatest Western Remakes of All Time Is Finally Streaming Again — Collider
- Jesse T. Usher, Taye Diggs & Brett Gelman Among 5 Joining Sci-Fi Thriller Feature ‘Syndetic’ — Deadline
- Netflix’s New Streaming Hit is ‘Weapons’ Meets ‘Silence of the Lambs’ — Collider
- Patients could be at risk if their GP uses AI to listen to appointments and write medical notes, study suggests — Daily Mail
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