Sunday 15 September 2013

Latest Retail News – 15/9/2013

Latest Retail News – 15/9/2013

1. Annualised savings rates by Australians rise from 9.5% to 9.8% in June quarter.
2. Australian tea retailer T2 sold to global consumer goods giant Unilever.
3. Ikea approaching $1billion in Australian retail sales.
4. Franchisees of household goods rental company Mobile Rentals banned by ASIC for breaching consumer credit laws.
5. Adelaide clothing retailer, Trims, bought by un-disclosed buyer.
6. Pepe Jeans plans big expansion in SE Asia.
7. Dan Murphy awarded the Best Online Retail Marketing Initiative at the Online Retail Industry Awards (ORIAs) in August for its digital media presence.
8. New business, Airspaced, launched to link retailers with increasing number of short term and pop-up shop opportunities.
9. Gelatissimo launches two new gelato bar concepts including gelato sundaes.
10. Fusion Retail Group has sold its newly revamped Jag brand to fellow multi-brand fashion retailer, Apparel Group.
11. Italian luxury house, Dolce & Gabbana, has opened its first ever Australian store on Melbourne’s Collins St.
12. Deloitte’s say new majority government and rise in house prices will be key to retail recovery.
13. US department store chain, Neiman Marcus, has been sold to private equity for the sum of US$6 billion.
14. Tesco sells its US Fresh ‘n’ Easy chain.
15. QVMAC research finds that new retail floorspace equivalent to the size of the Queen Victoria Market was added to Melbourne’s CBD every year between 2002-2008.
16. The Westpac Melbourne Institute Index of Consumer Sentiment has increased by 4.7 per cent from 105.7 in August to 110.6 in September following election.
17. Myer takes full control of fashion label Sass & Bide.
18. New owners of Dick Smith’s prepare to on sell.
19. David Jones opens new village format store at Malvern.
20. Melbourne’s laneway, Causeway Lane, to trial 6 months smoking ban.
21. Hong Kong based fashion company, Esprit, posts loss for 12 months to June.
22. McDonalds asia-pacific regional comparable sales fall in August.
23. Queen Victoria Market valued at $80.8m, slightly less than Melbourne Town Hall.