LeaseWise News
Howards Storage World enters administration
Another major retailer has entered administration in 2016, after Howards Storage World appointed Deloitte as voluntary administrators late last week. David Lombe and Vaughan Strawbridge from Deloitte will take control of operations for the home organisation and specialty storage retailer, with a view to selling the business. They have been appointed to companies that run 29…
Read more...No Buyer Found for Pumpkin Patch
Pumpkin Patch have confirmed that the failed childrenswear retailer has failed to attract a buyer and will begin to wind down the business this week. Receiver, Brendon Gibson from KordaMentha said that without a serious expression of interest being received, there was no choice but to sell all stock and wind down the business. “Our…
Read more...Inside Retail’s Interview with Top Juice
Top Juice Started in the early 1990’s as a family run fruit and vegetable shop in Sydney’s suburb of Double Bay, Top Juice has since become a chain of fruit juice and salad bars across NSW, Victoria, Queensland and ACT with 70 stores. The chain sources 95 per cent of its produce from Australia and in 2015, the…
Read more...PLANET SURF SOLD TO RIPCURL OZMOSIS
The chain of 15 Planet Surf stores that have been operating since 2000 have been acquired by Ripcurl/Ozmosis. The deal was concluded as a rolling transaction over the last couple of months so a rebrand to Ozmosis will take place in early 2017. The deal gives Ozmosis a strong presence in the sub regional Shopping…
Read more...Soul Origin opens 50th store
Health fast food brand, Soul Origin, has continued its rapid expansion with the opening of its 50th store last week and first Melbourne outlet as part of Chadstone’s new dining precinct. Owner Sherwin Djamil, a multi-site franchisee who also owns three Sydney based stores and is Soul Origin’s Franchisee of the Year for 2016, is excited…
Read more...The unveil of the “New” Chadstone Shopping Centre
Vicinity Centres will unveil the first and most significant phase of its $660 million revamp at Chadstone Shopping centre in Melbourne on Thursday. Over 60 new retail stores, two new dining precincts and a new state-of-the-art HOYTS cinema complex will open tomorrow, with Vicinity also unveiling the first glass gridshell roof in Australia. At completion of the…
Read more...Country Road acquires Politix
Politix has 75 stores, including 31 concessions across Australia and FY2016 sales of A$56 million. The proposed acquisition will be funded through internal resources and is expected to be immediately EPS accretive. Woolworths said the acquisition is consistent with WHL’s southern hemisphere strategy of building a strong and diversified portfolio of iconic brands. Politix will…
Read more...Soul Origin takes up the fight against queues
Award winning Sydney-based coffee and food franchise brand Soul Origin plans to boost their lunch time trade with the integration of their point of sale platform Shift8 and queue busting mobile app Beat the Q.
Read more...Why do retailers fail?
In our first post on the topic of failure, I gave an overview of what failure is, how we respond to it and how we should respond to it.
Read more...It’s amazing the difference optimism makes
According to the Australian Bureau of Statistics (ABS) all retail sales data dollars taken at retail in this country have not taken a backward step in rolling MAT terms since 2000.
Read more...Proudly representing & growing the following
