NEWS
Market Monitor Construction Australia 2020
by Trade Credit Risk | March 12, 2020 | Blog | 0 Comments
It is the largest non-service related industry employing more than 1.1 million people. 2019 was a difficult year for the industry with lower building activity and decreasing value added (down 5.7%). Residential construction output continued to decline due to more...
Bushfires And The Coronavirus Blamed For Kikki K Failure
by Trade Credit Risk | March 12, 2020 | Blog | 0 Comments
One of the Surf Coast's biggest business success stories has collapsed, putting some 500 jobs at risk. Stationery chain Kikki K, which was founded by former Torquay resident Kristina Karlsson, has been placed into voluntary administration. Kikki K has 65 stores in...
Spotlight to buy collapsed retail chain Harris Scarfe
by Trade Credit Risk | March 3, 2020 | Blog | 0 Comments
Collapsed department store chain Harris Scarfe has found a buyer in the Spotlight Group, but the future of its remaining stores and staff remains unclear The owner of fabric chain Spotlight and outdoor brands Anaconda and...
Housewares and furniture chain Ishka in voluntary administration
by Trade Credit Risk | February 20, 2020 | Blog | 0 Comments
Housewares and furniture chain Ishka has collapsed into voluntary administration as the malaise currently gripping the nation’s $320 billion retail sector claims another victim to add to a growing list of collapses in just the last few months. The family owned retail...
Coronavirus outbreak in China: Risks of supply chain disruption increase with time
by Trade Credit Risk | February 18, 2020 | Blog | 0 Comments
The official PMIs for January released today do not yet reflect the magnitude of the economic concerns around the ongoing coronavirus 2019-nCoV outbreak in China. However, we think that its impact on the Chinese economy and the rest of the world is not negligible. The...
Tax debts could tank your credit score under new ATO powers
by Trade Credit Risk | February 17, 2020 | Blog | 0 Comments
Business owners will need to pay closer attention to their cash flow management heading into end of financial year, with new credit bureau reporting laws set to put extra pressure on businesses to pay their tax debts. Entrepreneurs leaning on the Australian Taxation...
Holden axed in Australia as General Motors gets out of right-hand-drive globally
by Trade Credit Risk | February 17, 2020 | Blog | 0 Comments
Holden will be axed in Australia at the end of 2020 – just three years after the end of local manufacturing and the lowest monthly sales since it was established in 1948 – as US car giant General Motors gets out of right-hand-drive markets globally. Although Holden...
George Calombaris places restaurant empire into administration
by Trade Credit Risk | February 11, 2020 | Blog | 0 Comments
George Calombaris has placed his restaurant empire into voluntary administration, only months on from an underpayment scandal and more recently the loss of his MasterChef role. Calombaris’ business, Made Establishment, met this afternoon to decide whether to appoint a...
Macy’s To Close 125 Stores And Axe 2,000 Jobs As Retail Landscape Shifts
by Trade Credit Risk | February 5, 2020 | Blog | 0 Comments
Macy’s announced on Tuesday that it will close 125 stores and axe 2,000 jobs, becoming the latest shopping giant to shutter shops amid a radical reordering of the retail landscape. The department store chain plans to exit weaker shopping malls and focus on opening...
Jewellery and accessories chain Colette by Colette Hayman placed into voluntary administration
by Trade Credit Risk | February 4, 2020 | Blog | 0 Comments
Yet another high-profile Aussie fashion brand has announced its stunning collapse. The company behind popular jewellery and accessories chain Colette by Colette Hayman – the CBCH group of companies – was placed into voluntary administration late last month, it has...
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