Godfreys

2024 - 1 - 30

Godfreys: End of an Era for Iconic Vacuum Retailer

Administration - Australian Retail Industry - Godfreys - Retail

Oh my Godfreys! Find out why this iconic vacuum cleaner retailer is shutting down stores and cutting jobs after 93 years in business.

Godfreys, the well-known vacuum cleaner retailer, has sadly collapsed after 93 years in the industry. The company has entered voluntary administration, a move that will result in the closure of 54 stores and the axing of nearly 200 jobs in the next two weeks. This major announcement has sent shockwaves through the retail sector, marking the end of an era for Godfreys.

The collapse of Godfreys has been a significant blow to both employees and loyal customers. With 193 jobs on the line and 54 stores set to close their doors, the future looks uncertain for many associated with the retailer. The impact of the closure is felt not only by the workforce but also by consumers who have relied on Godfreys for their vacuum cleaner needs for nearly a century.

In the midst of financial challenges and changing consumer behaviors, the demise of Godfreys serves as a stark reminder of the harsh realities faced by businesses in today's competitive market. The closure of such a long-standing and iconic retailer highlights the importance of adaptability and resilience in the ever-evolving retail landscape.

PricewaterhouseCoopers (PwC) has been appointed as the voluntary administrator for Godfreys, overseeing the closure of stores and the necessary restructuring of the business. The move to administration reflects the struggles faced by traditional brick-and-mortar retailers in the face of economic pressures and shifting shopping habits. As the retail industry continues to transform, the fate of Godfreys serves as a cautionary tale for businesses striving to stay afloat in turbulent times.

Post cover — Image courtesy of "The Sydney Morning Herald"

Vacuum cleaner retailer Godfreys collapses after 93 years (The Sydney Morning Herald)

Vacuum cleaner retailer Godfreys has collapsed into administration and announced it will shut 54 stores and axe nearly 200 jobs in the next fortnight, ...

Vacuum cleaner retail chain Godfreys enters voluntary ... (ABC News)

Vacuum cleaner retailer Godfreys has entered voluntary administration, leaving 193 jobs on the line with 54 stores to close in the next 14 days as it ...

Big retailer in administration, 193 jobs cut (NEWS.com.au)

A major Australian retailer has gone into voluntary administration with expectations 193 people will lose their jobs and 54 stores will close.

Vacuum retailer Godfreys goes bust, 50 stores to close (The Australian Financial Review)

Specialty vacuum cleaner retailer Godfreys Group has collapsed, appointing PwC as voluntary administrators of its business in Australia and New Zealand ...

Godfreys Group enters voluntary administration, almost 200 jobs cut (9News)

Leading Aussie vacuum retailer Godfreys Group has entered voluntary administration, affecting the employment of approximately 193 staff across Australia and ...

Godfreys enters voluntary administration after 90 years (The Northern Daily Leader)

PricewaterhouseCoopers' (PwC) Craig Crosbie, Robert Ditrich and Daniel Walley have been appointed as voluntary administrators of the company's Australian ...

Godfreys enters administration, with 54 stores to close (Tasmania Examiner)

Voluntary administrators expect 171 Godfreys staff in Australia will be made redundant as the company's store count is...

Cost of living Australia: Retail sales plunge 2.7pc in December ... (The Australian Financial Review)

Shoppers slash spending by the most since pandemic lockdowns in the run-up to Christmas, as vacuum retailer Godfreys enters voluntary administration.

Godfreys Group enters voluntary administration - Appliance Retailer (Appliance Retailer)

Stephen White and John Fisk of PwC New Zealand have been appointed voluntary administrators of New Zealand Vacuum Cleaner Company, while Craig Crosbie, Robert ...

Godfreys goes into administration after 93 years (MuMbrella)

PwC's Craig Crosbie, Robert Ditrich and Daniel Walley have been appointed as the voluntary administrators in Australia, while the company's John Fisk and ...

That sucks: Vacuum retailer Godfreys goes to the wall; 54 stores ... (InQueensland)

Three partners of PricewaterhouseCoopers (PwC) Australia have been appointed as voluntary administrators of Godfreys' Australian entities, ...

Godfreys enters administration, with 54 stores to close (Blue Mountains Gazette)

Leading vacuum retailer Godfreys Group has entered voluntary administration, a process expected to result in the closure of 54 stores within the next fortnight and the loss of nearly 200 jobs. Three partners of PricewaterhouseCoopers (PwC) Australia ...