Australian Geographic saved from closure

Iconic retail chain Australian Geographic has been saved from closure. All 67 adventure stores were likely to close by March 2017 after experiencing difficult trading conditions and strong competition from online retailers. Melbourne’s Myer family, which founded the department store of the same name have owned the chain since 2007 but had reportedly “given up” […]

Another Australian icon set to close

Iconic Australian retailer Australian Geographic is set to close down its 67 stores by early 2017. Melbourne’s Myer family have owned the company since 2007 but has decided to exit the venture and has so far been unsuccessful in finding a buyer. Running at a loss of over $3 million in the 2014-2015 financial year, […]