Country Road shuts a number of stores in Sydney amid plummeting sales
According to a report in Sydney Morning Herald on Monday, the iconic brand has closed its Market Street store at the entrance of the Queen Victoria Building in Sydney.
Sister brand Trenery has shut its Military Road shops in Mosman, on the city's lower north shore.
Country Road's Military Road store in Mosman is closed for renovations.
Its Pitt Street Mall store is earmarked to be shut when the lease expires in 2028.
Country Road and Trenery are owned by South Africa's Woolworths Holdings, which previously owned department store David Jones.
Johannesburg-based Woolworths Holdings also owns Mimco, Witchery, and POLITIX.
A hybrid work style is said to have negatively impacted sales of the brand, with less need for corporate business wear.
In its latest results, Woolworths Holdings revealed an 8 per cent fall in sales, which take into account the 26 weeks to December 29 last year.
The brand's operating profit plunged almost 72 per cent to just $14.2 million.
Country Road was contacted by 7NEWS.com.au for comment.
Country Road, founded in 1974, is known as one of Australia's most beloved lifestyle brands and one of the first Aussie brands to tackle the American market.
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Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. 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Trump, in a post on his social media platform on Friday, alleged the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former president Joe Biden, should be fired. He provided no evidence for the charge. "I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on Truth Social. "She will be replaced with someone much more competent and qualified." After his post, Labour Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. "I support the president's decision to replace Biden's commissioner and ensure the American people can trust the important and influential data coming from BLS," Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added in July and that 258,000 fewer jobs were created in May and June than previously estimated. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2 per cent from 4.1 per cent. "No one can be that wrong? We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. 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