Stories about retailers shutting down or selling are becoming increasingly more common in the news. So, what are the primary causes of retail failure?
Out of the 62 stores that remained when Dick Smith shut down earlier this year, just over a dozen have been re-leased to new tenants. Colliers national director of retail Leroy Wolland said there's a lack of demand for Dick Smith's former stores in smaller towns such as Levin, Gisborne, Richmond and Wanganui.
If there’s anything to take away from the last year in the retail sector, it’s that it’s a tough market out there. There has been a string of high-profile foldings within the sector, including Wild Pair and Dick Smith. The latest to go under is embattled childrenswear retailer Pumpkin Patch. We chat to retail analyst Chris Wilkinson to dissect what lessons can be learnt from these high-profile closures.
When Kogan.com's owner took over Dick Smith's online site last month, he said he would invest to rebuild consumer trust and make Dick Smith's online offer "better than ever". Marketing expert Roanne Parker takes a close look at Dick Smith's e-newsletters since then and finds it's an example of worst practice digital marketing.
Dick Smith’s relaunched website has appeared a month earlier than expected, boasting prices far below the recommended retail price. Its owner, Kogan.com, is slashing prices and entice customers with a discount-driven model. But will consumers take to it after so much damage has been done?