Betts, an Australian shoe retailer that has been operating for more than a century, announces plans to close 20 of its remaining physical stores. The closures will reduce its store footprint from 35 locations to 15, with the company also pointing to performance concerns for the sites selected. Multiple outlets report that the decision is driven by a sustained shift in customer behaviour toward online shopping, alongside weaker in-store demand and declining foot traffic. The retailer’s strategy includes expanding its online platform as it adjusts its retail network. The reports present the move as part of a broader effort to respond to underperformance in the affected locations rather than a complete withdrawal from brick-and-mortar trading. Details on timing and specific store locations are not provided consistently across the sources, but all accounts agree on the scale of the closures and the underlying reasons cited by the company.
Betts to close 20 stores as it expands online platform
Betts, an Australian shoe retailer that has been operating for more than a century, announces plans to close 20 of its remaining physical stores. The closures will reduce its store footprint from 35 l...
- Betts is closing 20 stores.
- The closures reduce Betts’ remaining store count from 35 to 15.
- The company cites a shift toward online shopping.
- Betts also points to declining foot traffic and reduced in-store demand.
- The closures are described as affecting underperforming stores.
Citing a shift to online shopping and a response to declining foot traffic, Betts will close 20 of its 35 remaining physical stores.
3 hours agoCiting a shift to online shopping and a response to declining foot traffic, Betts will close 20 of its 35 remaining physical stores.
3 hours agoCiting a shift to online shopping and a response to declining foot traffic, Betts will close 20 of its 35 remaining physical stores.
3 hours agoThe 134-year-old operation has announced where the shutters will come down.
19 hours ago
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