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Country Road shuts down iconic Sydney store: ‘Sales pressures forced our hand…

After nearly five decades in Australian fashion, Country Road is retreating from flagship locations in Sydney, marking another blow in a retail sector rattled by weak spending and rising costs.

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Country Road to Shut Down Iconic Sydney Stores Amid Retail Sales Slump
Once a Sydney fashion icon, Country Road’s Queen Victoria Building store is now set to shut its doors for good


In a move that has stunned fashion enthusiasts and longtime shoppers alike, iconic Australian retailer Country Road is pulling the plug on several of its most prominent Sydney stores, including the historic flagship in the Queen Victoria Building (QVB). The closures are the latest in a wave of high-profile retail exits as cost-of-living pressures continue to batter the nation’s discretionary spending.

The closure of Country Road’s QVB location, a landmark that has long represented the brand’s prestige, isn’t just symbolic — it’s a sign of deeper industry-wide turmoil. The fashion retailer, owned by South African conglomerate Woolworths Holdings Limited since 2014, is slashing physical store presence in an effort to contain financial losses. Alongside the QVB store, its Trenery outlet in Mosman and the Pitt Street Mall store (set to close in 2028 when the lease expires) are also on the chopping block.

“Sales pressures forced our hand,” a senior executive at Woolworths reportedly said during internal briefings, referencing consecutive financial slumps.


Sales Slide Sparks Store Shutdowns

Financial records reveal that Country Road’s sales dropped by 6.2% in the first half of the 2024–25 financial year, followed by another 8% decline in the second half ending December 29, 2024. Even more alarming: operating profits plunged 71.7%, bottoming out at just $14.2 million.

Founded in 1974, Country Road quickly established itself as a household name in Australian fashion, selling premium men’s, women’s, and children’s apparel, along with homewares and accessories. It later became the first major Australian brand to launch in the United States — a move that once promised global dominance. But that promise has dimmed.

This isn’t an isolated collapse. Just last year, Mosaic Brands — owners of staples like Millers, Rivers, Crossroads, and Katies — fell into voluntary administration, revealing debts surpassing $318 million. Similarly, Jeanswest shuttered operations in March, citing a “perfect storm” of economic headwinds and leaving over 600 workers jobless.


Is the Retail Ice Age Upon Us?

Experts say these closures are the tip of the iceberg.

“Post-Covid, we’ve seen inflation hit 30-year highs,” explained Patrick Coghlan, CEO of CreditorWatch, a credit reporting agency monitoring business health in Australia. “Even as inflation slows, prices don’t come down — they just stick, locking in hardship for both businesses and consumers.”

CreditorWatch’s latest report, published in May 2025, does show glimmers of hope: insolvencies and B2B payment defaults are easing. This is thanks to July 2024 tax cuts, interest rate reductions, and a more stable fiscal environment. But these changes may be “too little, too late” for brands like Country Road, which rely heavily on in-store experiences to drive sales.


From Prestige to Pressure: The Decline of Country Road

Country Road wasn’t just a store — it was a status symbol. With clean silhouettes, neutral palettes, and a distinctively Australian identity, the brand carved out a loyal fan base over the decades. When Woolworths acquired Country Road (alongside Trenery) in 2014, the goal was to solidify a premium retail empire spanning both hemispheres.

But by 2023, cracks had already started to show. The company’s transition to omnichannel retail — including a stronger eCommerce push — failed to offset declining foot traffic. Compounded by fierce competition from international fast fashion chains like Zara and H&M, local icons like Country Road found themselves squeezed from all sides.

A former store manager at the QVB outlet, speaking anonymously, shared:

“We saw fewer and fewer people walking in. By the end, it wasn’t about fashion — it was about survival.”


What’s Next for Australian Retail?

The broader retail sector is anxiously watching how consumers will respond in the second half of 2025. With interest rates now slightly lower and household savings slowly rising, some believe discretionary spending could rebound — but cautiously.

Yet the damage may already be done. As more retailers opt to “go digital,” the death of physical storefronts might be a permanent transformation. The Country Road closures mark the end of an era — one where boutique stores served as social destinations, not just sales venues.

Retail strategist Amanda Kerr notes:

“These closures aren’t just about numbers. They’re cultural shifts. The fabric of high street retail is unraveling.”


A Mirror to Middle Australia

Country Road’s struggle reflects the financial pain endured by middle-income Australians, who make up the bulk of its customer base. These are the same Australians now budgeting groceries, skipping coffees, and putting off non-essential purchases — a stark contrast to the spending boom of the early 2010s.

As the nation awaits upcoming federal budget revisions, the fate of Australia’s retail identity hangs in the balance. The once-glamorous Queen Victoria Building store now stands as a poignant reminder: even icons fall.

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What’s Still Open on Christmas Eve 2025? The Stores, Restaurants and Major Chains Americans Are Rushing To

From last-minute groceries to fast food fixes and gift shopping, here’s who’s open on December 24 — and who’s closing early

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What’s Open on Christmas Eve 2025? Store Hours, Restaurants and Retail Chains Explained
Shoppers rush to grocery stores and retailers across the U.S. on Christmas Eve as many chains operate with reduced hours

Christmas Eve has quietly become one of America’s busiest shopping and dining days. As millions prepare for December 25 celebrations, another holiday ritual unfolds — the last-minute dash for groceries, gifts, prescriptions, or a quick bite before stores shutter early.

In 2025, most major retailers, grocery chains, and restaurants are open on Christmas Eve, though many are operating on reduced or special hours. Planning ahead matters, especially as closing times vary widely by location.

Here’s a clear, category-by-category breakdown of what’s open on December 24, 2025, across the U.S.


Grocery Stores Open on Christmas Eve 2025

If you’re missing ingredients for dinner or dessert, these grocery chains are welcoming customers — but not all day.

  • Aldi — Open, most locations closing around 4 p.m.
  • Food Lion — Open until 7 p.m.; pharmacies from 9 a.m. to 3 p.m.
  • Stop & Shop — Open until 6 p.m.
  • Trader Joe’s — Open, closing at 5 p.m.
  • Wegmans — Closing at 6 p.m.
  • Whole Foods — Regular opening, closing at 7 p.m.

Tip: Many stores stop restocking shelves hours before closing — earlier visits are safer.


Drugstores Open on Christmas Eve

Pharmacies remain essential stops for holiday travelers and families.

  • CVS Pharmacy — Open, though hours vary by location
  • Walgreens — Open; pharmacy hours may differ from retail hours

Fast-Food Chains & Restaurants Open on Christmas Eve

Hungry during the holiday scramble? You have options.

  • Applebee’s — Select locations open
  • Chick‑fil‑A — Open Christmas Eve (closed Dec 25)
  • Burger King — Open at most locations
  • Dunkin’ — Open, hours vary
  • IHOP — Open
  • McDonald’s — Open, location-based hours
  • Taco Bell — Open
  • Starbucks — Many stores open, reduced hours

Domino’s stores are not required to open — customers should check local listings.

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Mail, USPS, UPS: Are Deliveries Running?

Yes — with exceptions.

  • United States Postal Service locations are open
  • Mail delivery runs except Priority Mail Express
  • Blue collection boxes will be picked up December 24
  • UPS will deliver packages, though pickup schedules vary

Last-Minute Gift Shopping: Retailers Open on Christmas Eve

Most major retailers are open — but many close early.

  • Best Buy8 a.m. to 7 p.m.
  • Costco — Open
  • Dollar General — Many open until 10 p.m.
  • Home Depot — Closing at 5 p.m.
  • HomeGoods, Marshalls, T.J. Maxx, Sierra7 a.m. to 6 p.m.
  • IKEA — Closing early (varies by location)
  • JCPenney — Opens 9 a.m., closing varies
  • Kohl’s7 a.m. to 7 p.m.
  • Macy’s8 a.m. to 7 p.m.
  • Michaels7 a.m. to 6 p.m.
  • Petco — Most close at 7 p.m.
  • Target7 a.m. to 8 p.m.
  • Walmart6 a.m. to 6 p.m.

Is the Stock Market Open on Christmas Eve?

Yes — but only for a short session.

U.S. stock markets are open on December 24, closing early at 1 p.m. ET, instead of the usual 4 p.m.


The Bottom Line

Christmas Eve 2025 remains one of the most active retail days of the year — but timing is everything. Many stores close earlier than usual, and some services scale back well before evening.

If you’re heading out on December 24, check local hours first, plan efficiently, and don’t wait until nightfall — the doors may already be locked.

For more Update- DAILY GLOBAL DIARY

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Netflix Chiefs Walk the Warner Bros. Lot… A Power Move After Paramount Skydance’s Bid Is Rejected

As Warner Bros. Discovery shuts the door on Paramount Skydance, David Zaslav rolls out the red carpet for Netflix’s Ted Sarandos and Greg Peters

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Netflix CEOs Visit Warner Bros. Lot as WBD Rejects Paramount Skydance Bid
David Zaslav tours the Warner Bros. Studio lot with Netflix co-CEOs Ted Sarandos and Greg Peters in Burbank.

In Hollywood, timing is rarely accidental — and neither are photo ops.

On the very same day that Warner Bros. Discovery’s board officially rejected Paramount Skydance’s hostile bid, WBD CEO David Zaslav made a conspicuously public statement about where his company’s future may be headed.

Zaslav welcomed Netflix co-CEOs Ted Sarandos and Greg Peters to the iconic Warner Bros. Studio lot in Burbank — a visit documented through a series of carefully released images that quickly caught the industry’s attention.

The message was subtle in tone but loud in implication.

A Walk Through Hollywood History

Photos released by WBD on Wednesday show Zaslav strolling alongside Sarandos and Peters across the legendary studio grounds, including a stop in front of the instantly recognizable Warner Bros. Water Tower — a symbol of nearly a century of film and television history.

Officially, the visit was described as a meeting between Netflix leadership and executives at the studio. Unofficially, it read as a public endorsement of Netflix’s vision — and perhaps, its wallet.

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Just weeks earlier, on December 5, Netflix had its $82.7 billion bid for WBD’s streaming and studios division accepted. That division includes crown-jewel assets such as Warner Bros. Pictures, HBO, HBO Max, and DC Studios.

Why the Paramount Skydance Bid Fell Flat

Earlier that same day, WBD’s board formally rejected the hostile takeover attempt from Paramount Global and Skydance Media — a move that insiders say reflected both strategic concerns and cultural misalignment.

While Paramount Skydance’s offer aimed to consolidate legacy media power, Netflix’s proposal centers squarely on streaming dominance, global scale, and technology-driven growth — areas where the streamer has already proven its reach.

By opening the gates of the Warner Bros. lot to Netflix’s top brass, Zaslav appeared to signal not just preference, but confidence in where the deal is heading.

A Not-So-Quiet Signal to Hollywood

Hollywood executives are well aware that studio tours are rarely casual affairs. Allowing Sarandos and Peters to be photographed on the lot — especially amid active acquisition talks — sends a clear signal to investors, talent, and competitors alike.

Netflix CEOs Visit Warner Bros. Lot as WBD Rejects Paramount Skydance Bid


It suggests continuity rather than disruption. Legacy rather than liquidation.

Netflix, long viewed as the industry disruptor, has increasingly positioned itself as a studio caretaker, not just a streaming platform. The Warner Bros. assets would give Netflix unprecedented access to intellectual property, prestige brands, and theatrical infrastructure.

For Zaslav, the optics matter. In an industry still grappling with streaming losses, debt pressure, and shifting audience habits, stability — or at least the appearance of it — can be as valuable as the deal itself.

What Happens Next

While regulatory approvals and shareholder reactions still loom, the visit underscores a reality that few in Hollywood now ignore: the battle for the future of legacy studios is being fought not behind closed doors, but in plain sight.

And sometimes, a walk past a water tower says more than a press release ever could.

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From DVSA to AI fleets… key leadership moves reshaping transport, automotive and tech sectors this week

New appointments at DVSA, Aion Auto, Microlise, Leasing Options, Motive, and GRS Fleet Graphics signal a busy end to 2025 for industry leadership

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Industry Jobs Round-Up: DVSA, Aion Auto, Microlise and Motive Appointments
Industry leaders appointed this week as organisations prepare for major operational and market challenges in 2026

It has been a decisive week for leadership across the UK’s transport, automotive, logistics and AI technology sectors, with a series of high-profile appointments aimed at tackling long-standing challenges and preparing businesses for rapid growth in 2026.

From clearing driving test backlogs to launching new car brands and scaling AI-powered fleet platforms, these moves underline how talent and experience are becoming central to operational reform.


New DVSA chief tasked with tackling driving test backlog

The Driver and Vehicle Standards Agency (DVSA) has confirmed Beverley Warmington as its new Chief Executive, effective January 5, 2026. She takes over from Loveday Ryder, who has led the agency since 2021.

Warmington arrives at a critical moment, with learner drivers across the UK facing prolonged test waiting times that have affected employment and mobility. She brings nearly 20 years of public service experience, most recently as Area Director for London, Essex and Eastern England at the Department for Work and Pensions (DWP), where she oversaw operations involving more than 12,000 staff.

UK Roads and Buses Minister Simon Lightwood praised the appointment, saying Warmington has the operational leadership needed to “grip the driving test backlog” and ensure reforms translate into faster, safer access to driving tests.

DVSA


Aion Auto strengthens UK launch plans with senior marketing hire

As Aion Auto gears up for its UK market entry in 2026, the brand has appointed Alex Key as Marketing Director, reporting directly to Managing Director Jon Wakefield.

Key brings more than two decades of automotive marketing experience, having previously held senior roles at Honda, BMW Group, MINI, and Suzuki GB. Her recent work included helping steer Suzuki through a major rebrand and its first electric vehicle launch.

Wakefield said her ability to shape brand identity will be “pivotal” as Aion prepares to introduce itself to UK consumers in an increasingly competitive EV market.

Aion Auto


Microlise appoints new CTO to drive logistics innovation

Transport technology specialist Microlise has named Dean Garvey-North as its new Chief Technology Officer, succeeding Duncan McCreadie, who retires after a decade with the company.

Garvey-North brings senior digital leadership experience from the utilities sector and management consultancy. He is also a member of Gartner’s CIO community and a contributor to the Forbes CIO Technology Council.

Microlise CEO Nadeem Raza said the appointment reinforces the company’s ambition to remain the UK’s most trusted name in transport technology, particularly as logistics firms push for efficiency, sustainability and smarter data-driven operations.

Microlise

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Leasing Options promotes Danielle Jones to head of marketing

Manchester-based vehicle leasing firm Leasing Options has promoted Danielle Jones to Head of Marketing, recognising her role in a major transformation of the brand’s digital and customer strategy.

Since joining in 2024, Jones has led a rebrand, rolled out new TV and audio campaigns, and overhauled email marketing with redesigned customer journeys. In her expanded role, she will oversee all marketing, lead generation, social media and PR activity.

Chief Operating Officer Mike Thompson described the promotion as a “natural next step” aligned with the company’s long-term growth ambitions.

Leasing Options


Motive adds AI heavyweight to board

AI-powered operations platform Motive has appointed Adeyemi Ajao to its Board of Directors, strengthening its leadership as it scales internationally.

Ajao is the co-founder and managing partner of Base10 Partners, a venture capital firm focused on technology transforming the real economy. Motive CEO Shoaib Makani said Ajao’s experience as a founder and investor will help translate AI innovation into durable enterprise value.


GRS Fleet Graphics appoints operating partner to support growth

GRS Fleet Graphics has appointed James Hopkins as Operating Partner, a move designed to strengthen operational capability across both GRS and Epic Media Group.

Hopkins brings extensive experience across automotive operations, fleet management, telematics and B2B services. General Manager Martin Tyrrell said his leadership will be key as the business continues to scale and serve mid-size and large fleets across public and private sectors.


A clear trend heading into 2026

Taken together, these appointments point to a wider trend: organisations across transport, automotive and logistics are investing heavily in experienced leadership to modernise services, deploy AI, and improve customer outcomes.

As 2026 approaches, these executives will be under close watch — not just for strategy, but for execution.

For more Update – DAILY GLOBAL DIARY

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