Iconic Australian retailer Australian Geographic is set to close down its 67 stores by early 2017.
Melbourne’s Myer family have owned the company since 2007 but has decided to exit the venture and has so far been unsuccessful in finding a buyer.
Running at a loss of over $3 million in the 2014-2015 financial year, Dominic Powell from our Partner Retail Doctor Group has asked what caused the downfall of a much loved Australian business.
Dominic examines the decline in revenue and business model restructuring that took the stores down the wrong path.
Click here to read more.