Latest Store Closures News

Oliver’s Real Food reported a remarkable 1926% increase in EBIT to $527k for the December 2025 quarter, despite a 7.7% revenue decline driven by strategic store closures. Same-store sales rose nearly 6%, underpinning a cautiously optimistic outlook.

Harvey Norman Holdings reports a robust 9.1% increase in aggregated sales revenue across key international markets, supported by currency appreciation and selective store openings.

Lovisa Holdings reveals robust growth with 44 net new stores and a 26.2% rise in global sales during the first 20 weeks of FY26, signaling strong momentum ahead of its Annual General Meeting.

Oliver’s Real Food reports a strong October 2025 trading update, showing solid same-store sales growth and significant expense reductions that have driven improved profitability.

Universal Store Holdings reports a robust 13.7% rise in direct-to-customer sales for FY26 YTD, driven by strong brand performances and a strategic store rollout plan.

Nick Scali Limited reported a robust $62 million underlying profit for FY25, completed its UK acquisition equity raise, and announced key leadership changes as it eyes accelerated growth in FY26.

dusk Group Limited reports robust FY25 financial results with strong sales and earnings growth, while unveiling ambitious FY26 plans focused on store innovation and brand rejuvenation.

Oliver’s Real Food Limited reports a strong September quarter with a 192% EBIT improvement and a positive operating cash flow turnaround, driven by cost efficiencies and strategic store closures.

Oliver’s Real Food Limited reported a striking turnaround in its September 2025 quarter, with EBIT soaring 192% and operating cash flow swinging positive despite a dip in overall revenue.

KMD Brands reported a modest 1% sales increase in FY25 but faced a sharp 65% drop in underlying EBITDA, prompting a bold 'Next Level' turnaround strategy targeting margin expansion and debt reduction in FY26.

KMD Brands reported a slight revenue increase to NZD 989 million for FY25 but faced significant underlying losses, prompting a strategic reset. The company also reinforced its commitment to tackling modern slavery risks across its global supply chain.

Oliver’s Real Food reports improved gross margins and reduced expenses despite a 6% sales decline, driven by strategic store closures and operational efficiencies.