Instagram-famous brand Mr and Mrs Jones are the latest causalities of COVID-19, collapsing into voluntary administration yesterday.
Australia's retailers are collapsing by the dozen as the coronavirus outbreak drastically reduces shopping centre foot traffic and smashes consumer spending.
Instagram-famous brand Mr and Mrs Jones is the latest causalities of COVID-19, collapsing into voluntary administration yesterday.
Parent company Mamjo, who owns and operates both brands, appointed administrators in documents lodged to financial watchdog ASIC.
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At this stage all 26 stores will remain open with the future of staff jobs currently unknown.
In a statement to their website Mamjo told customers that deliveries are still occurring, albeit with delays.
"We are working hard to bring you the service you love and expect from mamjo, so that if you wish you can continue gifting, without worry," the statement reads.
"Due to the current situation, we unfortunately expect delays but we are working as quickly as we can to get your orders to you."
The collapse of the two brands comes in the wake of a number of other significant retail closures.
This morning adventure wear company Kathmandu and surf brand Rip Curl were forced to close their doors as a result of poor sales.
The decision affects 165 stores and around 1,300 employees across Australia and New Zealand. The majority of these employees have been asked to take leave without pay for four weeks.
Yesterday retail group Premier Investments was forced to close a raft of its stores, affecting 9000 employees globally.
Premier Investment's portfolio includes Just Jeans, Peter Alexander, Smiggle, Portmans, Jay Jays, Dotti and Jacqui E. All stores will close their doors until April 22.
In an announcement to shareholders, CEO of Premier Investments Mark McInnes said he has voluntarily decided to work from home without any pay during the shutdown.
"These extraordinary circumstances mean Premier intends not to pay any rent globally for the duration of the shutdown," said Mr McInnes.
"This is the hardest decision ever made by Premier- our team are our family and we want to do everything we can to keep them employed, but we believe that it is necessary and the right decision for them, their families, our customers, and the country."
Another retail empire in Mosaic Brands has been forced to stand down 6,800 staff and close the doors of shops such as Noni B, Millers, Rockmans, Rivers, Katies, Autograph, W.Lane, Crossroads, and Beme.
Other retailers forced to shut their doors include Forever New, Michael Hill Jewellers, Tigerlily, Nike and the Apple store.
Last night the Shopping Centre Council of Australia announced that all members had agreed to no-lease terminations for shops that could not pay their rent.
"As we have stated consistently in our communications throughout the COVID-19 pandemic and this difficult period, we all have a role to play to help our retailers – especially our small to medium sized businesses – to get to the other side," said Chairman Peter Allen.
"We know that each of you are engaging directly with your retail partners and it is very important you continue to do so."
Members of the council include all Stockland shopping centres and Scentre Group, who manage Westfield Centres in Australia and New Zealand.
*Correction: An earlier version of this article incorrectly reported that Sunnylife had gone into voluntary administration. That is not correct.
Source: 9News https://www.9news.com.au/national/coronavirus-outbreak-kathmandu-rip-curl-latest-retailers-to-close-doors/e234bf3e-65f6-485d-a241-b752f01eb463