Retailers duck for cover as global chains battle it out

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 10-Jun-15

International fast-fashion retailers H&M and Forever 21 will shortly open stores in Sydney’s Pitt Street Mall. The growing presence of offshore retailers has forced Australian rivals such as Just Jeans and Sussan to relinquish space in the prestigious shopping precinct, and experts warn that local retailers’ sales are likely to be adversely affected by the growing competition in the sector. Forever 21 boasts more than 700 stores worldwide, and it will open about 70 outlets in 2015.

CORPORATES
HENNES OCH MAURITZ AB, FOREVER 21 INCORPORATED, ZARA, JUST JEANS PTY LTD, PREMIER INVESTMENTS LIMITED – ASX PMV, SUSSAN-SUZANNE GRAE, GLUE, TOPSHOP, COTTON ON, SUPRE PTY LTD, SES, VALLEY GIRL FASHIONS PTY LTD, SHARAF RETAIL, AGENT PROVOCATEUR

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