Tech & Science More than 500 workers to lose their jobs as retail chain Bardot shutters 56 stores

01:30  10 january  2020
01:30  10 january  2020 Source:   smartcompany.com.au

Hundreds of jobs lost as Harris Scarfe prepares to shut 21 stores

  Hundreds of jobs lost as Harris Scarfe prepares to shut 21 stores Collapsed Australian department store Harris Scarfe has informed hundreds of workers they will lose their jobs in a round of store closures.Deloitte Restructuring Services partner Vaughan Strawbridge informed 440 workers their positions with the business, which fell into recievership last December, will be affected by the closures yesterday.

More than 500 restaurant workers have lost their jobs after the Gaucho restaurant group called in administrators. Smith said steps were being taken to stabilise the Gaucho chain as it sought expressions of interest in a buyout. He said the chain “continues to trade well in its market segment

But more than 100 jobs lost with the closure of 15 stores . Greg Lawless, a retail analyst at the stockbroker Shore Capital, said: “There is a seismic structural shift going on in the industry. Most retailers will report their Christmas trading figures over the next few weeks but the evidence so far is

a person standing in front of a window: Bardot© Provided by Smart Company Bardot

Collapsed fashion retailer Bardot will shutter 56 stores across the country in the coming months after administrators determined the chain must downsize to remain in business.

The women’s clothing retailer, which fell into voluntary administration late last year, becomes the second major retailer to announce widespread store closures in the space of a week, following Harris Scarfe’s decision to close 21 locations.

The business will retain just 14 of stores in NSW and Victoria under current plans, slated to be completed by March 1. Two stores were closed in December.

Fashion retailer Bardot to shut 58 shops, hundreds of job losses expected

  Fashion retailer Bardot to shut 58 shops, hundreds of job losses expected Womenswear chain Bardot is shutting the majority of its stores across the country, with just 14 bricks and mortar locations to remain open in New South Wales and Victoria. Fifty-six stores are scheduled to close by March. Two stores — in Hobart and Knox, Victoria — already shut in early December.The fashion chain entered administration in November, one of a slew of retailers to do so last year as conditions in the sector deteriorated.Bardot had 72 stores across all states and territories and employed 800 staff at the time it fell into administration.

There are more job openings than than candidates. Just 4.3% of job seekers that identify as wholesale and retail workers couldn’t find a job last More than 5, 500 US stores closed last year according to Coresight Research, a retail think tank. Although the number of jobs in traditional retail

The job cuts come amid speculation that Homebase is considering a company voluntary arrangement, a form of insolvency The company has already shut 17 unprofitable stores and confirmed plans to close at least 23 more . More than 500 Gaucho workers lose jobs as restaurant group folds.

“Subject to ongoing trading performance and discussions with landlords, it is not our intention to close further stores at this point in time,” KPMG administrator Brendan Richards said in a statement circulated on Thursday.

Administrators are still trying to sell the business, and it is hoped the downsizing will make the company a more attractive purchase.

Video game retailer EB Games is shutting 19 'unprofitable' stores across Australia this month

  Video game retailer EB Games is shutting 19 'unprofitable' stores across Australia this month The days of the massive sale, for some stores, are coming to an end. EB Games customers have received notices overnight that stores in the ACT, New South Wales, Victoria, Queensland, South Australia and Western Australia, will be shutting down before the end of the month. A Kotaku Australia reader got in touch earlier this week letting letting us know that staff had been told at four Adelaide stores would be closing down by the end of the month. The layoffs are much further, however, with OzBargain posters receiving emails from EB stores across Australia, letting them know their local joint was affected.

Nearly half of retail workers are at risk of losing their jobs to robots and other automation

Retail store closures have been announced one after another, resulting in job losses. Women and men may not feel the same level of pain in the retail apocalypse. In the past year, women lost jobs in the industry overall while men had a net gain in retail jobs , according to the latest analysis from the

A total 530 staff will be sacked as part of the downsizing, leaving just a fraction of the 800 workers who were employed by the business prior to the administration.

Hundreds of retail staff lost their jobs earlier this week when receivers for collapsed department store Harris Scarfe announced 21 store closures, nearly a third of its 66-store network.

Deloitte Restructuring Services partner Vaughan Strawbridge said earlier this week the Harris Scarfe closures were a “difficult” but “necessary” decision.

These are just the latest casualties of difficult retail conditions in Australia over the past decade, as the flailing sector struggles with unprecedented disruption from online shopping, international competition and rising rents.

The announced store closures so early in the year may indicate a slow Christmas trading period, but official data on December trading won’t be available until early February.

Bose Is Closing 119 Stores (Including All Of Its Australian Ones) .
Bose has announced its intention to close 119 of its brick and mortar stores across Australia, Europe, Japan and North America. This will result in job losses for a significant number of retail employees as the company moves towards a more online-focused business model. While Bose is known for its headphones, in recent years the company has added smart speakers to its product lineup. It also also experimented with other audio accessories, such as Sleep Buds and Frames - sunglasses that are also headphones.The first Bose store opened in 1993 and enabled customers to try the products in private demonstrations.

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