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Cost of Living Crisis Vacuums Up Iconic Australian Retailer

Such a collapse hits not only employees and their families together with landlords who have lost long-term tenants, but also general confidence in the market.
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Cost of Living Crisis Vacuums Up Iconic Australian Retailer
A sign bearing the Godfrey's logo is pictured in Brisbane, Australia, on Jan. 13, 2016. AAP Image/Dan Peled
Eric Abetz
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Commentary

Another iconic Australian retailer has been sucked into the ever-growing vortex of collapsed businesses, courtesy of Australia’s cost of living crisis.

Eric Abetz
Eric Abetz
Author
The Hon. Eric Abetz was an Australian Liberal Party senator from 1994-2022. He has held several cabinet positions and served on parliamentary committees examining Electoral Matters, Native Title, Legal and Constitutional Affairs, as well as Foreign Affairs, Defence and Trade.
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