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Lincraft to shut all 60 stores across Australia in shock closure
About 300 staff will be affected as Lincraft keeps selling online during the transition, the company said.
- On Tuesday, Lincraft announced the closure of its entire physical store network, with Managing Director John Maguire citing prolonged challenging retail conditions for the decision.
- The company began 88 years ago in Melbourne as Suzanne Silks, but increased operating costs, changing consumer behavior, and pressure from low-cost overseas competitors made the physical footprint unsustainable.
- About 300 staff members will be affected by the closures, though Maguire guaranteed that all employee entitlements will be paid out during the transition.
- Barbecues Galore's recent announcement to shutter over 60 physical shopfronts highlights the broader retail shift, which may pressure commercial property rental yields in secondary locations.
- Lincraft will continue to operate online as it progressively closes remaining stores over the coming months, with customers informed of the strategic shift via email to club members on Tuesday.
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Coverage Details
Total News Sources13
Leaning Left5Leaning Right3Center4Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 33%
R 25%
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