The scale of bricks and mortar stores collapsing has caused concern across several industries. In wake of the retailers and food chains that have entered into voluntary administration or liquidation, the future of physical stores have been called into question.
The changing landscape of bricks and mortar retailers has marked the collapse of many well known names – including Pumpkin Patch, Marcs, and David Lawrence. The rise of e-commerce websites has allowed quick and easy shopping, setting online stores apart from their physical counterparts.
With the arrival of Amazon into Australia as well, e-commerce retailers will continue to thrive on the irreversible revolution of online shopping.
Food chains such as Max Brenner have also gone into voluntary administration. Amidst the changing landscape of consumer demands, celebrity chef Jamie Oliver’s six Italian chain restaurants have also collapsed in April this year.
The introduction of apps such as Uber Eats, Deliveroo and Foodora have significantly altered the food industry. The need to meet instant demands has caused a shift towards the instantaneous nature of delivering to the customer’s wishes.
With the growing trend of convenience and instant gratification, consumers are constantly looking for the next quickest option, leaving bricks and mortar operations to shrivel as they fail to innovate and adapt to changing customer demands.
If you would like more information on company liquidations, or are considering one yourself, then please contact Australian Company Liquidations. We are registered company liquidators who offer a FREE 24/7 insolvency hotline for Australian directors seeking expert advice. Please call us on 1800 731 155 now.