Takeover target Best & Less warned that same-store sales fell 13.2 per cent in the past five weeks, joining a long list of retailers to suffer at the hands of a cost of living crisis among low income households.
Billionaire retailer Brett Blundy is seeking to acquire the discount chain comprising 250 physical stores and an online platform which sells cheap kids and baby clothes.
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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
