Millers and Noni B, two well-known women’s clothing stores, have announced the closure of all their outlets in Australia and New Zealand, leaving nearly a thousand employees without jobs. This decision marks the end of an era for these brands, which were the last remaining under the Mosaic Brands Group parent company.
The closure comes after Mosaic Brands went into administration in October 2024, with receivers KPMG subsequently revealing the winding down of all Mosaic Brands outlets. Unfortunately, efforts to sell any of the brands within the portfolio were unsuccessful, leading to the inevitable closure of Millers and Noni B stores.
While the exact timeline for individual store closures may vary, customers can expect sales of up to 70% off and promotions as the stores clear their stock. The receivers have encouraged patrons to take advantage of these offers while stocks last.
Within the Canberra region, Millers has a presence in various locations such as Belconnen, Tuggeranong, and Gungahlin, while Noni B operates outlets in areas like Warilla and Shellharbour. Despite the regional footprint of these stores, the closures will impact customers and employees alike.
Geoff Dart, a seasoned retail analyst, predicts that more clothing stores may face closures in the near future. He points to Myer’s recent acquisition of Apparel Brands as a concerning move, citing potential repercussions for both the brands involved and the industry at large.
According to KPMG, Mosaic Brands owes significant debts to creditors worldwide, including millions to garment exporters in Bangladesh. This financial strain has also affected former employees who are still awaiting payment for accrued entitlements following the store closures.
Bernie Smith, the NSW secretary of the Shop Distributive and Allied Employees Association (SDA), has reassured union members that efforts are underway to ensure that all employees receive their rightful dues. He advises affected individuals to keep detailed records of their employment history to facilitate the payment process.
Looking ahead, the retail landscape is expected to undergo further transformations, with consumer preferences and market dynamics driving the evolution of the industry. As trends shift and competition intensifies, retailers will need to adapt and innovate to remain viable in a rapidly changing marketplace.
While the closure of Millers and Noni B represents a significant loss for employees and customers, it also serves as a reminder of the challenges facing the retail sector. As the industry navigates these turbulent times, stakeholders must collaborate to support affected individuals and explore opportunities for sustainable growth and resilience.
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