Australian retail is in freefall as once-familiar mid-range brands like Katies, Rivers, and Rockmans shutter stores — part of a broader collapse of physical retail fueled by rising costs, online giants like Temu and Shein, and consumer demand for either ultra-cheap or uniquely branded experiences. With giants like Betts slashing locations and others like Lincraft and Barbecues Galore scaling back, the future belongs to retailers who turn stores into destinations — not just places to buy stuff.
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