Furniture retailer Nick Scali says its profits could be lower than estimated just a month ago after one of its logistics partners collapsed, leaving hundreds of containers full of sofas and dining sets stranded.
The failure of Lion Global Forwarding, which specialises in forwarding furniture from China, means about 200 containers full of products for Nick Scali customers have been delayed at ports around Australia.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
