50 Premier Retail stores to close

By Lorna Brett · 26 July 2011 · Economy

Major retail chain to shut 50 stores

A major retail player has announced a drastic overhaul, leaving thousands of jobs at risk. Will the move be enough to save the struggling business?

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Summary

The retail industry received the surprise news yesterday that Premier Retail will close 50 of its stores in Australia and New Zealand and cut staff numbers, as part of new CEO Mark McInnes’ efforts to return the business to profitability.

Tags: David Jones, Dotti, JayJays, Just Jeans, MarkMcInnes, Peter Alexander, Premier Retail Group, Retail