Franchise chain Subway has missed out on the top gong in the 2009 ARA Australian Retail Awards.

Fashion retailer Country Road was named 2009 Australian Retailer of the Year after being voted the clothing and footwear category winner by retailers across Australia. 

ALDI (Food, drink and grocery 2009 Australian Retailer of the Year), L’Occitane (Speciality retailing 2009 Australian Retailer of the Year) and Subway (Restaurants, caf_s and takeaway 2009 Australian Retailer of the Year) were the other competing finalists.