2025 Australian Business Death Predictions (in Administration/Bankruptcy/etc.)

neil on 13/12/2024 - 16:07
Last edited 13/12/2024 - 16:10

Let's see what your predictions are for 2025 in the comments.

So far in 2024, on OzBargain:

and others of note:

Tupperware to close in Australia amid bankruptcy

Looking at the above list, I'd say Godfreys and Bonza was predictable.

Comment below with your guesses.

General Discussion Administration Bankruptcy

Comments

  • Jase1 on 15/12/2024 - 09:18
    +3

    Taco Bell - especially regional mostly empty

    • R4 on 16/12/2024 - 13:50
      +1

      I agree. I don't know how they survive given how quiet they are. They're basically selling overpriced, not that great food.

    • Commander Shepard on 18/12/2024 - 10:09

      My wife loves Taco Bell. Borderline obsessed with it. She would kill for a store in South Australia. `

  • frewer on 15/12/2024 - 10:18
    +6

    Australia's monetary system. So that everyone can accept CBDC under duress.

    • alexdagr8 on 15/12/2024 - 13:15
      +1

      CBDC’s only use case is being able to trace exactly who and where money has come and gone to. This is a shocking potential overreach of government authority to see where each dollar goes to.
      Welcome to China.
      Also logistically it would be a bloated system. If you knew anything about databases you would not be able to purge irrelevant and erroneous information out of it. a CBDC would be a waste of time and money both from setting up, maintaining and from government oversight.

      • frewer on 15/12/2024 - 17:01

        I agree, but it will happen whether we like it or not. The ability to be able to control the flow of money is Uncle Mustache Wet Dream.

  • alexdagr8 on 15/12/2024 - 12:54

    The reject shop - although they might thrive in a cost of living crisis.

    More jewellers deserve to go bankrupt: proud, Michael hill. But might not..

    Some retail groups are struggling especially clothing stores:
    City Beach
    Just Jeans
    Sports girl
    Are some that come to mind

    Other places that should go are niche places that only sell one furniture item or specialisation thing:
    Snooze

    Places that should go but won’t:
    Harvey Norman

    • machej on 15/12/2024 - 13:32
      +1

      The Reject Shop doesn't look too dire based on their latest releases. Seems like they have focused on stores that perform okay.

    • dyziplen on 15/12/2024 - 16:25
      +1

      Just Jeans

      They have been bought out by Myer. So they won't be going bankrupt, at least not in the short term. But they will be closing a lot of stores, and consolidated into Myer. Myer will then be filled up with even more of their home brands with better margins. So Myer will probably be a mix of concession brands and home brands with a sprinkle of own buy brands thrown in.

  • easternculture on 15/12/2024 - 14:32
    +1
    • Some Crunch fitness locations
    • LSKD
    • Tesla if they dont lower prices to compete with chinese EV manufacturers. Think Elon should focus on spaceX as space exploration is the next $T industry.
    • Premium supps. The TGA is already auditing their products. Few products already been withdrawn.
    • easternculture on 15/12/2024 - 17:10

      Ill also add Fossil Group (at least in Australia, not global).

    • yamborghini on 17/12/2024 - 16:23
      +2

      What make you say LSKD? I saw a new store in Chadstone I've started seeing the brand more and more.

      • meowbert on 18/12/2024 - 19:09

        Yep, haven't looked into them much as a brand but they have pretty great sales volumes and are internationally sold.

  • viper8548 on 15/12/2024 - 17:57
    +4

    Jaguar lol

    • Cluster on 16/12/2024 - 13:11
      +1

      They'll be fine. Since they "Copy Nothing", they'll release five wheel cars and the marketplace will love it.

  • Danger on 15/12/2024 - 18:30
    +2

    It puzzles me that why an unemployment rate is still low despite these bankruptcies.

    • machej on 15/12/2024 - 20:47

      Purchasing parity can still be down due to inflation and there are a lot of casual/part time roles but still would be hard to splurge on them. Also interest rates have taken out a fair bit of disposable income.

    • mrdean on 15/12/2024 - 20:50
      +7

      No puzzle. They likely manipulate parameters & criteria for what constitutes "unemployed". Data massage.

      • alxjpow on 16/12/2024 - 21:12
        +1

        Yeah, I agree. They're a pack of liars; when will we learn this?

        • mrdean on 16/12/2024 - 21:38
          +3

          https://www.abs.gov.au/statistics/detailed-methodology-infor…

          If anyone can read & understand the link above, I take my hat off to them.

          "People who only looked in newspapers or at job advertisements on the internet are seen as passively, rather than actively, looking for work and so are not considered unemployed."

          Hilarious.

          • alxjpow on 16/12/2024 - 23:10
            +3

            @mrdean: 'Unemployed'©®™

            I ploughed through most of it "1984 was supposed to be a warning, not a manual!"

            "You're only homeless if you're bidding in real estate auctions or lining up for rental inspections"

            Ah well, I better not say too much about it. Humour and laughter are a sign of sanity though. Chin up lads!

    • duluxe2000 on 15/12/2024 - 22:39
      +2

      According to AFR, public sectors are booming (age care, ndis, etc…), employing lots of people while private sectors are dying …

      • alxjpow on 16/12/2024 - 23:10

        Or as I call those, the dying industry.

    • Cluster on 16/12/2024 - 11:54

      A relative of mine doesn't work but also refuses to sign up for unemployment benefits. It's apparently 'beneath him' to do so. He's therefore not counted in the unemployment statistics. Much easier to keep asking dad for more money.

      • Protractor on 18/12/2024 - 11:05

        Not your problem or the tax payer then?

  • pogichinoy on 15/12/2024 - 22:14

    Tree of Life

  • da1andonly on 15/12/2024 - 23:33

    Bitcoin to $500000

  • Aerith-Waifu on 16/12/2024 - 05:25
    +2

    ebgames (I like eb but my local shop is never busy even on a saturday)
    retravision (apart from sales they never busy also, i do like the extra rac discount)
    coffee club (again apart from maybe 1-2 hours peak times, never seen any business)
    opsm (are they ever had a busy day?)
    reddot (junks all over, never busy in my local store)

    Also i would like to add one that i want to go broke but not a chance it will:

    Harvery Norman!

    • TightAl on 16/12/2024 - 11:08

      I forgot EB was still a thing

    • gromit on 16/12/2024 - 11:37
      +3

      I am shocked really that eb still exists, they are owned by Gamestop which of course is really only alive themselves from the share shenanigans and are on a huge store closure spree for Gamestop so I think eb days are numbered.

    • Cluster on 16/12/2024 - 11:51
      +2

      EB survives on merchandise sales, not games. When people stop buying Funkopops EB will go pop.

    • Jimothy Wongingtons on 16/12/2024 - 17:14

      coffee club

      its funny, the one at my local westfield is actually usually quite busy before, during and after lunch phase.
      it is mostly oldies though…so i guess the time is ticking on that one.

    • Blargman2001 on 18/12/2024 - 15:58
      +1

      OPSM isn't going anywhere. The markup on glasses is ridiculous. $300 frames literally cost $5 to make in China. They only need to sell a few pairs a day to turn a profit.

      • FlyOnTheWall on 18/12/2024 - 17:57

        Not to mention they are part of Luxottica who own essentially all the brands they sell too or will end up owning them, like with what happened with Oakley.

  • Davo1111 on 16/12/2024 - 07:36
    +1

    House (gbra)
    Nando's Australia
    Every coffee shop
    Hopefully Grill'd

  • tasty-falafel on 16/12/2024 - 11:12
    +3

    Zambrero. Their blended "meat" they serve with icecream scoops is disgusting.

  • Homr on 16/12/2024 - 11:40
    +2

    Ozbargain to be listed in ASX

  • dasher86 on 16/12/2024 - 14:34

    Probably more Melbourne centric

    Huxtaburger
    New York Minute

    • Jimothy Wongingtons on 16/12/2024 - 17:13

      i havent been to huxtaburger since around 2020 (i live interstate ) - and both times i quite enjoyed it - but purely because it was so OTT. i prob wouldnt go if i actually lived in melbourne.

      on the topic of melbourne food - how is lord of the fries still open? I mean..yeah they are strategically located to cater to hungover patrons mainly…but surely that cant prop them up soley..

      • dasher86 on 16/12/2024 - 17:55
        +2

        I was going to mention Lord of the Fries but year after year they are still there. They have a vegetarian/vegan value proposition so maybe they are propped up by that?

  • cannedhams on 16/12/2024 - 14:45
    +1

    I think people make the mistake of thinking its the business that they love to hate that will go bust, rather than the business that they feel nostalgic about but that they simply don't frequent any more.

  • muzzamo on 16/12/2024 - 15:17

    Many low performing/family owned servos that are near a new/ newly converted OTRs all across the country, especially if they are knocked down and rebuilt with their full offering.

    OTR are very aggressive and very successful. Its a bit like bunnings moving into a suburb with a family owned mitre 10.

    South Australians will know what i mean.

  • prodrome on 16/12/2024 - 15:27
    +1

    Tesla will quit Australia … close enough.

  • Duckie2hh on 16/12/2024 - 16:20
    +3

    Going to call it……. Priceline

    Any medicinal needs, Chemist Warehouse. Any personal care needs, Mecca, Sephora, etc. People are just not shopping in Priceline anymore.

    • Plasma on 16/12/2024 - 21:56

      Nahhh, Woolies and Wesfarmers both were interested in taking over them a few years ago. There's too much value in the business/sector.

      • Blargman2001 on 18/12/2024 - 16:01

        Wesfarmers already own Priceline. They acquired API who own the Priceline brand in 2022.

    • Ughhh on 16/12/2024 - 22:36

      Apparently they're in the process of converting the non-pharmacy stores to Atomica, half way between supermarket and mid range brand.

  • Jimothy Wongingtons on 16/12/2024 - 17:08
    +4

    skechers? - the shop fits are usually really nice from the ones I've seen…but i basically never see any customers in there.

    platypus/hype ? - similarly, also usually have a pretty nice shop fit in the ones ive seen - but its like..whats their target audience - I also kind of remember seeing a lot more posts about these two businesses - lately not a whole lot. High end premium/ scalper target shoes I usually think foot locker , or one of those boutique ones like upthere or subtype.

    a work wear place - not sure which one, as I usually use workwearhub as they seem to have the cheapest prices and best range anytime Ive needed anything, and promise free returns and got an app to go with the website. I feel this is one area where targeting the younger trades people and associated workers with higher disposable spending is probably going to choke out the smaller businesses. Places like Totally work wear did a re-brand and a re-do of some shops planned for this year and going forward - RSEA has other complementary products like anti-fatigue mats and other safety products etc.

  • Bunnyburger on 16/12/2024 - 18:23
    +2

    Guzman Y Gomez, they think they can charge Chipotle prices at Taco Bell quality

    • MessyG on 16/12/2024 - 21:06
      +1

      Second this. The bigger they get the worse their quality gets, it's really disappointing.

    • alexdagr8 on 16/12/2024 - 22:29
      +4

      They just had an IPO, they’re dripping in investment dollars. But agree with you, they don’t deserve to succeed

      • Nalar on 17/12/2024 - 16:31
        +2

        Depends on Guzman location, there's some awesome and some trash….But not happy they floated; it'll inevitably go down in quality.

  • serpserpserp on 16/12/2024 - 22:44
    +2

    Not Australian, but Volkswagen.

    • R4 on 17/12/2024 - 14:18
      +1

      They'll take some hits but will survive

    • Cluster on 18/12/2024 - 13:47
      +1

      Nissan will die before VW. Nissan is reportedly trying to tie up with Honda. That's like two drowning people grabbing at one another.

      • serpserpserp on 19/12/2024 - 19:46

        True. I thought Nissan was done before the end of this year lol

  • serpserpserp on 16/12/2024 - 22:47
    +1

    My dark horse Australian pick is Aquila. Always empty, high foot traffic, high rent locations. 35 stores Australia wide. I have no idea how they have survived so long.

    • Excelsior on 17/12/2024 - 13:46

      Not to mention subpar quality products at exorbitant prices.

      • serpserpserp on 19/12/2024 - 19:48

        That is it. I'm not seeing the consumer advantage of going to a place like that. Unless you were going to try stuff on and then buy online?

  • BuddhaBoy on 17/12/2024 - 00:54
    +1

    Not Australian but service available here - Disney+

    • Crownie on 17/12/2024 - 08:20
      +1

      I feel when the 2025 Disney price hike happens many loyal subscribers will jump ship and never come back. OnePass/Catch abandoned them and even Hubbl won't bundle them for a $5 discount.
      $14 isn't bad but it once was $7 (and the yearly was $79). Granted Disney+ have invested heaps into quite a few new franchised shows but no other streaming service has doubled in price post-Covid.

      • BuddhaBoy on 18/12/2024 - 19:40

        Exactly my thoughts!

  • cerealsmok3r on 17/12/2024 - 11:00

    man im so sad that booktopia and rex went under. I understand why but they were so good for what they were in terms of customer service and consistency

  • movieman on 17/12/2024 - 19:43
    +1

    Harvey Norman.

  • SpaceNinja on 18/12/2024 - 00:01
    +3

    I can't wait for all the bike share services to die. They clutter everywhere.

    • Protractor on 18/12/2024 - 11:15
      +2

      Add E-scooters to that list. Local councils gouging locals, so some gimps get to play on and then dump a scooter in their suburb.
      Great business model. Use the most incompetent,wasteful corrupt layer of govt to pour $$$ into your coffers.Keep rising the rice each year,add a few more scooters, rinse and repeat.I'll bet there are clauses in some of the contracts that mean councils share losses of missing scooters.

  • Leonidas on 18/12/2024 - 13:49
    +1

    Retailers that regularly send me no min spend $10-15 vouchers for no particular reason. David Jones and BCF

    • neoleo on 22/12/2024 - 12:03

      You should have used these free vouchers ;-) It's part of marketing strategy to entice you with small vouchers to shop with them.

      I have got several free expensive chocolates, cookies, and other food from David Jones free vouchers. Just create new accounts with different emails and phone numbers. Set filter of price with max $10 or $15 or $20 depends on the total voucher value (welcome voucher and birthday voucher can be stacked together in 1 transaction too).

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