And thus, Mosaic Brands has been placed into total liquidation.
Sad chapter for the Australian fashion retail industry. Itâs even disappointing that even private equity firms were not interested in buying these brands.
Is it possible that all these brands can be revived one day?
Not a chance, unfortunately. Unlike Godfreys and Dick Smith, which were revived as online-only retailers, I donât think these brands will ever see the light of day ever again.
Thatâs unless Kogan went to go and purchase these brands and relaunch them as knock-off versions of the kogan.com platform, and when that happens, thatâs when these brands start to get a bad reputation. Itâs already happened to dicksmith.com.au, which is owned by Kogan since the brick-and-mortar stores closed in 2016. Just a knock-off version of kogan.com as I stated earlier. The reviews speak for themselves, people not receiving their items and/or different items being shipped instead of whatâs being described online, items arriving in very rough condition, customers not getting refunds and just poor customer support. The sad demise of a once-powerhouse electronics pioneer.
While it is sad to see these Mosaic Brands retailers fade into obscurity, I think itâs for the best. They are very much passed their use-by date. Mosaic Brands has simply become very niche. The clothing market has largely been dominated by Kmart, and thatâs where everyone is going for their clothing these days.
I wonder if Kmart will snap up some of the soon-to-be-vacant Mosaic Brands shopfronts and turn them into Kmart (or K-Hub) stores?
people donât have the money anymore for expensive clothing. i know with my wife last year almost all of her purchases for clothes came from k-mart except for one, which was a myer purchase because she was going to government house to watch her mum get an order of Australia.
Belts are being tightened as food and other bills go up and wages are not. iâm honestly shocked more clothing stores are not going under. my local shopping centre is now probably 75% clothing and i wonder about the sustanablity of it all
Mosaicâs target market is going to Shein, Temu and K-mart. How I know that is that I hear it repeatedly in the shithole I call work.
Is this the beginning of the end of Bunnings ads on TV and radio?
Thereâs a big difference between captive/internal marketing in store like Bunnings is doing here (shoppers who might see a good deal and get more than they came in for), versus external marketing like TV or radio.
Itâs like TV networks advertising shows on their network where they might be seen by only a certain percentage of the population versus marketing via billboards and other mediums.
Thereâll always be a place for big retailers like Bunnings to advertise via a mass-market medium, whatever that may look like.
Canât wait for Bunnings TV on one of the multichannels
Officeworks have been trialling instore video billboards (floor mounted) at Chadstone (Vic), and they will be progressively rolled out.
A second Australian Panda mart store, also in Victoria will be opening by this easter in Preston at the old Bunnings site.
Where lower ratings and snags everywhere is just the beginning.
Those empty Bunnings are every adaptive - basketball stadiums, multiple stopers, now a Panda Mart.
Hoping they sell real Pandas. Both the animal and Fiat types
Happened to be close by so decided to visit an old place Brandon Park Shopping Centre today. The last time I was in the area and ventured past (really only saw the outside of it and went to Coles lol) I didnât get to see much. This time I explored and was saddened to see a lot of the shop spaces unoccupied - the bottom floor may as well not exist aside from a barber, Chemist Warehouse, a food eatery⌠Really missing K-Mart there.
And the top floor wasnât very enticing other than the food court (ahh to go up the escalator and see Tandy/Dick Smith Electronics waiting to be browsed back in the day :P). Aldi, Coles, the banks, Priceline Pharmacy, The Reject Shop etc. A lot of other places boarded up and some soon to be boarded up as well (Katies, Millers etc).
Would like to see it get more love and more signs of life, but itâll probably get bulldozed in the future ?
Sadly this is going to happen to a lot more smaller shopping centres. My local one, Rockdale Plaza, has lost a Priceline, Ogalo, a cafe, a fresh seafood shop and now the Millers is closing down.
Another nearby shopping centre, Southgate Sylvania, lost a large fruit/deli shop that hasnât been replaced and now has three of those womenâs fashion shops closed or closing down soon. I do wonder what itâs future will be.
WellâŚthatâs one way to get people to stop drinking.
If it were up to me, we should cut the excise on alcohol served at bars/hotels/restaurants that forgo pokies, TABs and the like.
Something like a live music venue, a sit down restaurant, and just a plain old pub - cut the prices, let them both keep a bit more for themselves, and be able to undercut the âclubsâ, give them a way that they can earn sustainably without resorting to gaming revenue.
Take home alcohol is priced just fine - itâs already significantly cheaper than going out, and you can always go the goon bag route if you want to save cash.
Sad to see Ogalo leave Rockdale Plaza. But I think it was at the plaza from Day One, and only closed very recently. And had the same âhead workerâ there from most of its run. Subway has also closed itâs doors there. A shame that Priceline has gone there, and so too Millers (soon).
Did drive past the Millers we have in Bowral (has been there for over 25 years or so) and I noticed a closing down sale sign on it with âLast Dayâ written on it. The store itself was almost empty with free coat hangers outside of the store.