Womenswear retailer College Style has filed for bankruptcy. The Dutch retailer, which focuses on the Christian Reformed Tradition community, cites the growing number of web shops as one of the factors of the default.
Amazon.com's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its launch in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.
The consumer backdrop may be challenging but Mothercare said its transformation is progressing as it sharpens its product focus and makes the most of omnichannel opportunities. But it remains lossmaking.