Sunday 6 April 2014

Latest Retail News – 6/4/2014

Latest Retail News – 6/4/2014

1. Westfield secures $22b funding as part of its plan to split local and international business.
2. Ksubi fashion label saved from extinction through deal with General Pants Co.
3. Dunn & Bradstreet report that retailer’s confidence continues to fall.
4. Toy distributor, Funtastic, suffers first half loss of $26m.
5. Australian indie pop band, Architecture In Helsinki, has opened a concept store in Melbourne.
6. US burger chain, Carl’s Jr., to open first store in Australia.
7. Beville’s jewellery chain placed in administration.
8. Chinese company offers to buy 165 year old British retailer, House of Fraser, for £450 million.
9. PayPal launches bluetooth devise that facilitates payment to retailers using mobile phones.
10. Australian Bureau of Statistics reports February retail sales up 4.6%.
11. UK’s Marks & Spencer plans 250 store expansion outside UK.