Retail experts warn menswear business Ed Harry won’t be the only retailer to succumb to subdued retail conditions in the coming weeks as the industry comes to terms with lacklustre holiday trading.
The business, which has 87 stores across the country and almost 500 staff, will continue to trade as administrators attempt to find a buyer.
Retail expert Louise Grimmer from the University of Tasmania says that following on from the collapse of Roger David late last year, she thinks it’s inevitable that we will see more ‘victims’ this year and Ed Harry is likely to be just the first of this group.
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