Behind the demise of Harrolds: A cautionary tale or singular case?
Inside Retail
NOVEMBER 4, 2024
Despite the owners “pouring everything into the business”, Melbourne luxury retailer Harrolds entered liquidation last month after failing to overcome a slew of unfavourable conditions and setbacks. The downfall of the almost 40-year-old business raises the question of whether this is a sign of things to come as retailers struggle to compete with the increasing e-commerce capabilities and convenience of retail goliaths on the global market, or whether it is a case of Harrolds facing a ‘perfect s
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