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Oz brands fail to keep up with global rivals

Global fashion chains Zara, H&M and Uniqlo racked up around $600 million in sales in 2016.

The carnage in the Australian discretionary fashion retail sector continues, with local brands which have failed to keep up with powerful global competitors collapsing or falling prey to opportunistic offshore predators.

Markets: Smiggle owner defies retail woes

Live

Shares are trading marginally higher, with a rally in Premier Investments and gains in the banks offset by losses in the miners and energy stocks.

Contains:

Jeff Chapman's Bennelong Funds Management is one of the country's most successful investment firms.

Bennelong's stockpickers killed it

33 mins ago

Bennelong Fund Management's 2016 accounts reveal just how well the stock-pickers assembled by BRW Rich Lister Jeff Chapman performed last year.

Jane Lu, founder of Showpo, which is on track to book $25 million in revenue for 2016.

'The piranhas can eat the elephant'

38 mins ago
Simon Evans

The army of small online retailers make up 36 per cent of the $22 billion online retailing market and in aggregrate are helping to bring down big retail players.