Sunday 30 October 2011

Latest Retail News – 30/10/11

1.       Menswear look is seen as the new female fashion trend at this year’s fashion shows.
2.       NAB quarterly September business review says retail sector remains weak.
3.       Myer CEO Bernie Brookes has taken a million dollar pay cut.
4.       Mattel has announced it is buying HIT Entertainment, owners of pre-school brands like Bob The Builder, Thomas & Friends and Angelina Ballerina.
5.       Billabong counters big store own-brand philosophy by buying Australia's Surf Dive `n' Ski, Jetty Surf, Rush Surf and Surfection over past 12 months and retailing direct.
6.       Woolworths reports Big W department store sales slide 4.2% store on store.
7.       Flight Centre report 25-30% profit increase in September quarter as Australians continue to travel.
8.       Australian dollar hits an 8 week high.
9.    Qantas announce global shutdown due industrial action.