tough market conditions

e-commerce retailer Australian Made Clothes collapses, shutting down amid tough market conditions

On: July 12, 2023

An independent Australian e-commerce fashion platform has become the latest casualty of the economic downturn. Online store Australianmadeclothes.com.au announced to its 44,000 followers earlier this week that it was closing down. The business supported independent Australian fashion designers by selling their locally-made products, with clothing options for men, women andContinue Reading

Willoughby Homes collapse sees company director sell two properties to pay back $5.7m debt

Finance

By: admin

On: June 30, 2023

The boss of a failed building firm has been forced to sell two of his properties and will have to sell his most valuable one to pay back creditors. But so far, the company appears to have been dragging its heels about paying the proceeds of the past two salesContinue Reading

Melbourne retailer Design a Space collapses, to close all its stores amid tough market conditions

Finance

By: admin

On: June 28, 2023

A Victorian fashion company has become the latest casualty in Australia’s struggling retail sector as it announced it was shutting its doors for good after 16 years in business. Design A Space has three stores in Melbourne and stocked homemade jewellery, clothes and art from more than 170 independent designersContinue Reading

Amazon is advertising $28-an-hour jobs in Australia that require no experience

National News

By: admin

On: May 29, 2023

Retail giant Amazon has announced a hiring spree in Australia and no experience is required. The online company that opened its first fulfilment centre in Australia in 2017 is now looking for more than 1000 seasonal workers to help cope with higher demand during mid-yearly sales. The casual roles areContinue Reading

Kids shoe company Bobux collapses into receivership, Australian staff, customers affected

Finance

By: admin

On: April 18, 2023

A major children’s retailer has gone bust after a bank appointed receivers to recoup their money. Last Tuesday, New Zealand business Bobux, which sells shoes for young children, collapsed. Conor McElhinney and Andrew Grenfell of insolvency firm McGrathNicol have been appointed as receivers and managers of Bobux and related itsContinue Reading

Business: Melbourne businessman’s last ditch effort to save building company Porter Davis

World News

By: admin

On: April 10, 2023

A Melbourne businessman has thrown a failing construction business a last-minute lifeline, promising to save 800 workers by buying the company. Businessman Amit Miglani on Monday revealed he had submitted a bid to purchase Porter Davis, which went into shock liquidation last month. Porter Davis, known for its house andContinue Reading

Melbourne builder Simonds Group lays off 10% of staff amid construction crisis

Finance

By: admin

On: April 8, 2023

An ASX-listed mega building company is laying off 10 per cent of staff as the construction industry teeters amid tough market conditions. On Tuesday, Melbourne-based residential builder Simonds Group put out an ASX announcement with vague references to troubled times, citing “prevailing market conditions” which was a “challenge” for theContinue Reading

Woolworths axes 51 jobs as export business arm closes down

Finance

By: admin

On: March 29, 2023

The market downturn is taking its toll even on the most resilient Australian businesses as grocery giant Woolworths has revealed it will cut several dozen jobs. Woolworths is set to scrap 51 roles, predominantly Australia-based, as it shuts down a branch of the business that is focused on exports. WoolworthsContinue Reading

Melbourne food ordering start-up Mr Yum to lay off 17% of workforce

Finance

By: admin

On: March 26, 2023

Yet another Australian start-up has joined a growing list of firms laying off staff en masse as they struggle during a “market correction”. In a LinkedIn post from earlier this week, one of the co-founders of food ordering and payment platform Mr Yum revealed that nearly one in five staffContinue Reading

Amazon cuts another 9000 jobs amid tech sector crisis

Finance

By: admin

On: March 23, 2023

The ‘tech wreck’ just got a whole lot worse with Amazon announcing that 9000 jobs will be slashed. It comes just two months after Amazon cut 18,000 roles, back in January, which at the time represented six per cent of Amazon’s workforce and also its largest redundancies in the firm’sContinue Reading