There is more competition inbound for Australian retailers

Livewire News


There is more competition inbound for Australian retailers. US homewares giant Williams-Sonoma, owner of Pottery Barn, Pottery Barn Kids and West Elm, has unveiled ambitious growth plans in Australia where it will open eight stores this year, staking its claim to an estimated $735 million sales pool being carved up by foreign fashion retailers. It joins overseas department stores H&M, Marks & Spencer and Uniqlo and fashion chains such as Zara, Topshop and Hollister which combined are slated to open more than 100 stores across Australia in the next two years. Already its largest market outside of North America thanks to its e-commerce platform and high brand recognition, Williams-Sonoma set up two stores in Australia last year, its flagship outlet in the new Bondi Junction shopping centre and a West Elm store in Melbourne, and will now quickly plump up its presence. Read more: (VIEW LINK)

1 topic

Livewire News
Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment