Latest Store Closures News

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Star Combo Pharma Limited reported a 7% increase in total revenue to $27.8 million for FY25, propelled by a 10% rise in its core OEM and Own Brands segment. The company’s profit before tax surged to $5.31 million, reflecting operational strength despite challenges in its Retail division.
Ada Torres
Ada Torres
26 Aug 2025
Restaurant Brands New Zealand Limited posted record group store sales of NZD 703.2 million for the first half of 2025, driven by strong growth in Hawaii and new store openings in New Zealand. However, profit margins came under pressure from rising costs, leading to a 5.6% drop in net profit after tax.
Victor Sage
Victor Sage
26 Aug 2025
Michael Hill International reported steady FY25 results with flat revenue and modest profit improvement amid challenging market conditions. The company is focusing on brand repositioning, operational efficiency, and AI innovation as it navigates a complex retail environment.
Logan Eniac
Logan Eniac
25 Aug 2025
Michael Hill International reported a steady FY25 with revenue holding firm at $643.7 million and a return to profitability despite ongoing retail challenges. The year saw strategic store closures, digital sales growth, and leadership changes, setting the stage for a reset under new CEO Jonathan Waecker.
Logan Eniac
Logan Eniac
25 Aug 2025
Accent Group Limited reported a modest revenue increase but a 3.1% decline in net profit for FY25 amid a tough retail environment. The company announced a strategic partnership with Frasers Group to launch Sports Direct in Australia and New Zealand, signaling a new growth avenue.
Logan Eniac
Logan Eniac
22 Aug 2025
Nick Scali Limited reported a solid FY25 underlying profit of $62 million, driven by strong ANZ sales and online growth, while UK operations continue to struggle amid store refurbishments and brand repositioning.
Logan Eniac
Logan Eniac
8 Aug 2025
Michael Hill International reports flat full-year earnings and sales for FY25, with a second-half sales uptick and strategic store closures shaping its outlook.
Logan Eniac
Logan Eniac
31 July 2025
Oliver’s Real Food Limited reported a 70% increase in EBIT for the June 2025 quarter, driven by cost-cutting and operational improvements, despite a nearly 6% decline in revenue due to store closures and external factors.
Victor Sage
Victor Sage
29 July 2025
Oliver’s Real Food reported an 18% revenue decline in the March 2025 quarter, impacted by store closures and trading calendar shifts, yet achieved a strong rebound in EBITDA margin to 11.5%.
Victor Sage
Victor Sage
29 Apr 2025
Domino's Pizza Enterprises signals a strategic reset with the closure of 205 underperforming stores, primarily in Japan, aiming to sharpen focus and improve profitability while maintaining steady earnings guidance.
Eva Park
Eva Park
7 Feb 2025
Nick Scali Limited reported a robust 1H FY25 with revenue growth and profits exceeding guidance, despite ongoing UK market disruptions and restructuring costs.
Logan Eniac
Logan Eniac
7 Feb 2025
Nick Scali Limited reported a stronger-than-expected half-year profit, driven by solid ANZ performance, while its UK operations continue to face restructuring challenges amid store refurbishments.
Logan Eniac
Logan Eniac
7 Feb 2025