The boss of the listed retailer also described Victoria as the ‘most disruptive’ Australian market for retailers.
The 74-year-old New Zealand company will contribute to an expected $100 million group revenue for 2024.
Best deal administrators could get sees Godfrey's assets bought by owner's other company and employees' full entitlements paid.
‘You have to know when it's time to call time,’ retail analyst says, as the environment for retailers continues to deteriorate.
As retailer celebrates 50 years in operation, it has made key investments to support future growth and store security.
It's the latest in a string of unfortunate events for the retail sector.
A hard and gloomy winter could lie ahead for retailers.
The incorporated society with 24 stores is shifting its strategy away from brick and mortar.
Media reports suggest a buyer for the troubled brand’s local operations has not been forthcoming.
Despite multiple indicative offers a buyer for the long-standing business could not be secured.