Herringbone Australia calls in Administrators...

[apropos]

Originally Posted by Sator

Let's hope someone does bail them out. I would be quite happy if all the other crappy RTW chains go up in flames, but I would be saddened if Herringbone goes under.
It's an absolute tragedy that stores like this die while chains like Roger David survive.

 

[Journeyman]

Originally Posted by apropos

It's an absolute tragedy that stores like this die while chains like Roger David survive.

Agreed.

How do chains like CEO, Marcs, Morrissey et al, which sell overpriced, poorly-designed, poorly-made rubbish survive, whilst Herringbone is suffering from financial problems and may fold?

 

[Dingeaux]

Originally Posted by Journeyman

How do chains like CEO, Marcs, Morrissey et al, which sell overpriced, poorly-designed, poorly-made rubbish survive, whilst Herringbone is suffering from financial problems and may fold?

With attitudes like this, it's hardly surprising:

Originally Posted by The Australian, 10th Dec 2008

IT started with bad mortgage lending to the American underclass. But it has become an upper-class Australian crisis led by a finance sector recession. For symbols, look no further than the collapse of Herringbone, retailer of cufflinked $200 shirts for the powdered nancy-boy finance executive.

 

[Razele]

Hmmmm. I think the desire for "fast fashion"is rather strong in Australia. Also, people don't really know any better. Marketing, and not personal style, are what really work.

I did think that was going to change, with MTO and bespoke on the rise. However, with herringbone going, one of the only quality RTW providers available. Especially here in Brisbane! We'll have nothing left!

Here's hoping that the lads at The Cloakroom survive.

 

[neyus]

Originally Posted by Razele

Hmmmm. I think the desire for "fast fashion"is rather strong in Australia. Also, people don't really know any better. Marketing, and not personal style, are what really work.

I did think that was going to change, with MTO and bespoke on the rise. However, with herringbone going, one of the only quality RTW providers available. Especially here in Brisbane! We'll have nothing left!

Here's hoping that the lads at The Cloakroom survive.

Im just hoping Herringbone gets it together and pulls through. I mean even if they do get bailed out, there's no guarantee that the quality remain the same. You see it happen to stores all the type, shifting production of suits and shirts, every few months just to save a buck and squeeze out the profits. Obviously very important factors to running a business but I think for a shop like Herringbone its good to retain or improve the quality. That sets it apart from the rest.

I imagine sometimes how The Cloakroom survive. They do market themselves very well but I think they have a lot to learn about tailoring and the quality just isn't there yet!!!

 

[Aus_MD]

Originally Posted by fox81

im planning to head out and see charles this week, as im in town from london.
anyone have an idea of what hours he keeps, and how much/how long will a cab cost/take to get to parramatta from the conservative business dress?

Try to take the ferry from Circular Quay - it takes about an hour. http://www.sydneyferries.info/timeta...atta-river.htm

 

[GuidoWongolini]

Originally Posted by plotter

PhatGuido is going to be soooo pissed.
- not really, I'm more bummed about Ethan's future - FYI- I live in HKG now.. Think Chan.. - I'm more pissed with a member of the forum who commit to purchase something from me (such as a BV wallet) then go MIA after I do the right thing..

Originally Posted by BRITINLA

Ethan just updated his blog, seems he is in Japan.
- actually, no.. He was in Japan last month

 

[acidboy]

Originally Posted by Phat Guido

- not really, I'm more bummed about Ethan's future
- FYI- I live in HKG now.. Think Chan..
- I'm more pissed with a member of the forum who commit to purchase something from me (such as a BV wallet) then go MIA after I do the right thing..


- actually, no.. He was in Japan last month
- based from your pix wearing his creations, I wouldn't worry at all where he ends up later- he seems talented and skilled enough.
- is HKG a longterm thing now?
-oooh!

 

[penguin vic]

Originally Posted by Journeyman

Agreed.

How do chains like CEO, Marcs, Morrissey et al, which sell overpriced, poorly-designed, poorly-made rubbish survive, whilst Herringbone is suffering from financial problems and may fold?

I was surprised to see they have 13 stores Australia-wide. That's a lot given their limited market. Here in Melbourne they have 2 stores within one block of each other and a concession in David Jones as well ... plus they must have spent an absolute fortune on advertising not long ago with things like a billboard at Sydney airport. Hope they find a buyer although I wouldn't hold my breath in the current climate.

 

[Journeyman]

Originally Posted by penguin vic

I was surprised to see they have 13 stores Australia-wide. That's a lot given their limited market. Here in Melbourne they have 2 stores within one block of each other and a concession in David Jones as well ... plus they must have spent an absolute fortune on advertising not long ago with things like a billboard at Sydney airport. Hope they find a buyer although I wouldn't hold my breath in the current climate.

I think that part of Herringbone's problem could well have been that they expanded too much, too quickly. Rather than expanding to meet a demand, they expanded in the hope that demand would follow.

Closing a few of the poorly-performing stores and perhaps concentrating more on concessions in DJs and suchlike, rather than very expensive stand-alone stores, should help to cut costs.