Sunday 3 July 2016

Retail News Briefs

Woolworths Open their Smallest Metro Store

This is the latest Woolworths convenience store on York St. Sydney. The new Metro format is designed to offer customer convenience in high traffic, inner city locations and this latest store is just 310sq.m.

UK Retailers Could Suffer From Brexit

UK retailers have been warned that a combination of poor consumer sentiment and increased supply costs from Europe could impact on earnings following the decision for the UK to leave the European Union. The uncertainty of tariff positions, political instability including a looming election, and a falling pound are all expected to impact on their bottom line.

Jamie Oliver’s Restaurant Brand Placed In Receivership

The operators of Jamie Olivers franchise, Jamie’s Italian, has been placed in receivership following disagreement with its lenders and the nature of financial resources needed to move forward. Jamie’s Italian restaurants operate in Sydney, Perth, Canberra, Brisbane and Adelaide.

Harvey Norman Launches Beer Machine

A fully automated personal brewing system allows users to brew and dispense beer from a machine marketed by Coopers Brewery. The Beer Droid costs $799 and brews 10 litres of beer at the push of a button.