So what does this mean for us, what does this mean for small to medium companies?
It seems as of late, we have had a different business going under every couple of months..in the last 3 months alone, we have had Pumpkin Patch, Payless Shoes and now Allphones.
Yes it means good deals for us and cheap presents….for those who can get shit thats not just no-brand rubbish…but what does this mean for us? what does this mean for our future? Surely things cant get dearer, but with less competition, why should a business feel the need to have regular sales? we've already seen with DSE going down, JB have reduced their electronics & computer sales.
Idk, short term, its 'yeah cheap shit' but long term it's looking pretty grim.
Related article: Independent Aussie phone retailer Allphones goes into administration
Businesses with a business model relying on a widespread and premium retail presence cannot compete against low margin competitors