In what some fashion veterans are calling the worst trading conditions in 25 years, more brands are closing amid falling spending and rampant discounting.
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Lockdown woes: where to next? 15 July 2021
Hooray the money is finally coming.
I asked CEO of Australian Retailers Association Paul Zahra to share his thoughts on the measures, and he too welcomes the relief. It’s clear we will be living with COVID for some time, and we are pleased to see a national approach to support measures for extended lockdowns. This will provide small businesses with the confidence they need and will help alleviate some of the mental health pressures staff and business owners confront with extended lockdown. We have a situation where many businesses are facing weeks of lost revenue, with no end in sight and some are preparing to close for good.