NewsBite

How retailers adapt to the crunch

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Charles-Eddy Vitry says closing the doors on his record store Natural Selection in Melbourne’s Fitzroy for the last time on Christmas Eve was bittersweet.

Sales had plummeted by 80 per cent, while his landlord had asked for $43,000 in rent for the year ahead, up by more than 20 per cent from $34,000.

Loading...
Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/costs-are-up-and-sales-are-down-how-retailers-adapt-to-the-crunch-20240130-p5f149