Australia’s retail market is dominated by a number of large players, with smaller retailers exposed to a high risk of insolvencies.
The retail sector has recorded higher-than-usual numbers of insolvency appointments in recent times, with even bigger retailers being affected. To achieve necessary growth, most retailers need to achieve economies of scale, centralise their management, and capture customer buying power.
Retailers are facing increased shipping costs and supply chain disruptions, alongside the rise of direct-to-consumer marketing via platforms like Instagram and TikTok, which allow designers to bypass traditional retailers. Meanwhile, brick and motars are grappling with the challenge of adjusting store numbers and locations due to reduced foot traffic in city centres, while also managing accrued lease liabilities.
As retailers adapt, many are reevaluating their store footprints, moving from city centres to suburban areas, and addressing the ongoing lease deferrals. Additionally, the rise of e-commerce, accelerated by COVID-19, and the shift to flexible workplaces have reshaped the retail landscape, especially in urban areas.
With decades of combined restructuring and advisory experience, our team offers sound advice in all business scenarios.
We operate in small, senior teams to deliver a personalised advisory approach that is unique to each individual client.
We assign a team of specialists to each advisory project, empowering our clients with the right advisory experience and knowledge.
Our people deliver sound and effective outcomes. We aim to provide clients with the most practical and executable recommendations.
We blend in seamlessly with our client’s internal management, supporting their business with our personal market knowledge.
Our dedicated team of advisors are here to provide expert guidance and personalised solutions for your business.
Olvera principals were appointed as Voluntary Administrators of the Keystone group. We played a key role in facilitating the ongoing trading operations and venue sales.
Read our latest articles and insights on the world of business insolvency in Australia.
Rising interest rates and the effect of sticky inflation driving price rises together with a slowing in the labour market have had a significant impact ...
Introduction The consumer services industry is a quintessential pillar of the Australian economy, embodying a vast swath of sectors from retail and hospitality to tourism, ...
Lettuce Over the past few months, lettuce prices have been skyrocketing, with social media users posting pictures and memes of iceberg lettuces ranging from $10 ...
Book a call with our expert advisors.
Liability limited by a scheme approved under Professional Standards Legislation.
We acknowledge the Traditional Custodians of the land on which our office stands and pay our respects to Elders past, present, and emerging.
We also extend our acknowledgment to the Stolen Generations and reaffirm our commitment to supporting them on their journey toward healing.
