Wallace Bishop's revenue in 2019 was $66.05 million.
Overview of Wallace Bishop's Financial Performance
In 2019, the well-known Australian jewellery chain, Wallace Bishop, reported a revenue of $66.05 million. This figure represented a 5.3 per cent decrease in revenue compared to its previous performance. The company maintains a significant retail presence, operating approximately 50 stores primarily across New South Wales and Queensland.
Recent Operational Context
Wallace Bishop has navigated various operational shifts in recent times, impacting its store network. For instance, the company was recently compelled to close its Toombul location, a store that had been operational for more than 50 years, following a devastating ram-raid incident. In another instance, a store situated in Kippa-Ring also ceased operations upon the expiration of its lease agreement. These adjustments reflect the dynamic nature of the retail environment and specific challenges encountered by the business.
Key Financial Highlight
To illustrate the reported revenue:
| Year | Revenue (AUD) | Change from Previous Period |
|---|---|---|
| 2019 | $66.05 million | Fell 5.3% |
