All ABC Shops to shut

Thursday 23 July 2015

From the AFR:

Walking into an ABC Shop to pick up DVDs of a favourite show or a stuffed Banana in Pyjama will soon be a thing of the past.

The national broadcaster is phasing out its 50 stores around Australia and moving its retail operation online, affecting several hundred employees.

Online and partner distribution is the new strategy.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.