RETAIL in some areas of Melbourne's central business district is collapsing, with more than a dozen empty stores at the retail fashion precinct attached to Southern Cross Station. The centre - formerly DFO and now Spencer Street Fashion Station - is littered with closed stores, including Country Road, Witchery, Pilgrim, Charcoal and Barkins.

http://www.theage.com.au/business/retailers-struggle-as-city-shops-close-20120701-21b2l.html#ixzz1zNvySjfJ

we have a fantastic economy the envy of the world..would you mind not pointing that out thank you.

I am sure there are quite a few retailers scratching their heads when swanny spouts his spiel.

Oh well, we did tell them to cut their prices, did we not?.    :(

It turns out they got hammered by the internet.

cods wrote on Jul 2^nd, 2012 at 7:07am:

we have a fantastic economy the envy of the world..would you mind not pointing that out thank you. I am sure there are quite a few retailers scratching their heads when swanny spouts his spiel.

Cods,
If we have such a fantastic Economy, then you would have to say that Labor has not done such a bad job?

The facts are that -
1) The Liberals did a reasonable job on the Economy during 1996-2007, whilst not doing as well as they should have during the Peak Baby Boomer years!
2) Despite the GFC commencing as Labor came to office, they have not done as well as they could, but not as badly as the Liberal Party would have you believe!
3) Owing to the Basics, which are directing the Global Economy, we have entered a slowing period that will last for several decades, so irrespective of which Political Party is in power in OZ, the OZ Economy is in for a torrid time!