Discount Superstores Group
Open-knowledge reference entry
DSG Holdings Australia Pty Ltd, trading as Discount Superstores Group was a discount variety retailer in Australia, formed in 2013 following the liquidation of former company Retail Adventures. It owned the Sam's Warehouse and Crazy Clark's brands, operating 143 stores. It is owned by Australian-New Zealand businesswoman Jan Cameron. It was announced on 1 July 2014 that the chain has entered receivership for the fourth time in 8 years.
History
Australian Discount Retail was formed in 2005 after the sale of the discount division of Miller's Retail (now known as City Chic Collective, with assets as Mosaic Brands) and the sale of The Warehouse Australia by The Warehouse Group New Zealand to private equity firms Catalyst and CHAMP. Catalyst and CHAMP reportedly paid A$200 million which was funded by NAB Capital, ANZ and BOS International. The combined entity was Australia's leading discount variety retailer with revenues nearing $1 billion and a store presence in every state and territory in the country.
The company traded under the household names Go-Lo /Crazy Clark's (275 stores), Chickenfeed (39 stores), and Sam's Warehouse (99 stores). In 2008 the company rebranded all The Warehouse stores as Sam's Warehouse as a condition of sale from The Warehouse New Zealand.
The main competitors of Australian Discount Retail included Kmart, Homeart and The Reject Shop.
On 20 January 2009 the Board of Australian Discount Retail has placed the company in voluntary administration.
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This entry incorporates text from “Discount Superstores Group” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.