Trouble for New Zealand retailer in Australia - Audio

Business Commentator Bernard Hickey tells RadioLIVE's Marcus Lush another New Zealand retailer has come a cropper in Australia. Jan Cameron's Retail Adventures in Australia has collapsed. She is going to keep running part of it under license from administrators. It owned Crazy Clark’s, Go-Lo, Chickenfeed and Sam’s Warehouse. These are the remnants of the discount retailers The Warehouse bought and sold after masses of losses in Australia. It had 5,000 employees, 650 of whom will be laid off.