Iconic Australian shoe retailer enters administration, store closures begin
- 10 hours ago
- 1 min read
Australian footwear retailer Betts has entered administration and will shut more than half of its stores as it shifts toward an online-first model.
The company, founded in Western Australia over 130 years ago, currently operates 35 stores nationwide. Around 20 stores will close, including major locations across SA, NT, NSW, Victoria, Queensland, and WA.
At its peak, Betts had more than 200 stores across Australia, making it a familiar name in shopping centres nationwide, including flagship sites in Sydney, Melbourne, and Brisbane.
Administrator Pitcher Partners said weak retail conditions and falling in-store traffic had made many locations unsustainable. The business will now focus on strengthening remaining stores and expanding its online operations.
Large clearance sales will begin Friday, with more than 120,000 pairs of shoes and accessories to be heavily discounted as stock is cleared.
Betts is the latest in a growing list of struggling retailers, following recent collapses including Barbeques Galore, Lincraft, and fashion chain Glue Store. Earlier closures also included well-known names such as Rivers and Jeanswest.
The closures highlight ongoing pressure on brick-and-mortar retailers as consumer spending shifts further online.
Source : 9 News
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