“The business has had the ruler run over it by various potential suitors,” he told news.com.au.
“It’s sad to see any Australian business go under, particularly one with such a history in the sector but, in the end, retailers must adapt to change and it appears that Harris Scarfe just weren’t able to do this,” she said. She says Target is another vulnerable chain as the economy shrinks and consumer confidence continues to weaken.
Less than a month ago, Harris Scarfe was bought by a Sydney-based private equity firm — Allegro Funds — which specialises in turning around businesses.‘WORKERS ARE FEARFUL’
Wonder why? Not good items and too expensive. I’d go to MYER instead of HarrisScarfe
I blame climate change.
Very sad, yes, but these are the times where technologies interrupt the old ways. Thankfully however, here in Australia, for those out of work, we have an amazing social security system that can help them through. It's not always enough, but it does cover the food bills.
More mass migration is the solution. Don't you know importing massive numbers of people means more consumers? I know it didn't work this time but surely it will work if we just import even more people!
They advertise so many sales but their RRP before the sale is inflated. Also the same company owns Debenhams which is closing their Aussie stores and went into receivership in the UK. It was expected.
Most Australia go through that every day and what are AustralianLabor Greens LiberalAus doing about it? Fighting and bitching over the new religion
Retail and hospitality is a mugs game.
This is heartbreaking.
Retail experience is not a marketable skill either
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