Tuchuzy is another Australian retailer to fall victim to the retail crisis, with the current retail and economic crisis putting pressure on the industry.
The Bondi-based brand began in 1994 and has become a cult name in the Australian fashion industry.
“Today Daria Sakic made the hard decision to put Tuchuzy Bondi into voluntary administration,” said a statement from the retailer. “We all hope that this restructure will lead our business to a better and stronger future.”
The business is best known for stocking designer womenswear labels, as well as jewellery and sustainable clothing. Often labelled as an ‘iconic’ name for fashion lovers, it’s the ‘mecca’ for ready to wear, shoes and accessories.
At this current stage, gift cards and vouchers will not be honoured online.
The tumultuous trail landscape has played a significant reason behind the company’s downfall, the statement read.
“At this stage, administrators are now working with the company and whilst our online store and Bondi boutique continue to trade as normal, we have had to make a few changes under the direction of administrators to ensure the successes of Tuchuzy through this period,” said the company.
Power Retail is dedicated to providing critical and live e-commerce retailer benchmarking data and shopper insights for the online retail industry. Click here to find out more about Power Retail E-Commerce Intelligence or here to sign-up for the free weekly Pulse Newsletter for more essential online retail content.