While the result is spectacular, like Michael Hill, the corporate has rationalised its retailer combine and footprint across Australia. Prouds increased its presence by a formidable forty four shops since 2010 , yet 43 Goldmark shops were closed during the same interval while eleven Angus & Coote stores obtained the chop. After 121 years of operation, the Thomas family determined to shut its iconic Bourke Street Mall retailer in Melbourne in October 2017, in addition to the Warnambool, Wagga Wagga, Albury, Shepparton, Bendigo, Ballarat and Geelong stores. Australian jewellery retailing has undergone vital evolution over the previous decade, however, surprisingly,…
Jeweller endeavours to take care of definitions where they are acceptable and relevant to the current buying and selling setting, and to allow easy comparison with knowledge in previous reports. In the previous decade only two names disappeared altogether and, although there has been a net loss of 118 stores, from the unique 978, 63 closures have been from Zamels alone. Then, in December 2015, the chain opened a new Melbourne CBD store, having exited Bourke Street Mall in 2011 when it was “outbid” by Swarosvki for the ‘flagship’ location where it had been mall positioned for greater than a…