Vacuum cleaner retailer Godfreys collapses after 93 years in the Australian market
by Jonathan Barrett Senior business reporter from World news | The Guardian on (#6J7XV)
PwC says it expects to close 54 stores during voluntary administration resulting in almost 200 job losses in effort to keep business afloat
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The vacuum cleaner retailer Godfreys Group has collapsed, leaving administrators in search of a buyer to keep the 93-year-old brand alive as they prepare to close dozens of stores, resulting in almost 200 jobs being lost.
The specialist retailer was ultimately felled by a recent and sharp pullback in consumer spending, although it had long been suffering from a generational change in how people buy vacuum cleaners.
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