Sunday 9 April 2017

Latest Retail News – 8/4/2017

Latest Retail News – 8/4/2017
1. Amazon delays Australian arrival until 2018.
2. Solomon Lew buys 11% stake in Myer but no takeover plans.
3. More NZ retailers go “cage-free” on eggs.
4. Standard and Poor’s says more borrowers falling behind on mortgage repayments.
5. Preston Market parking fines gather $40,000 in one month.
6. Dan Murphy’s wins Customer Experience Store Design Award.
7. Woolworths launches its own luxury skincare range.
8. Late payment to suppliers endemic in retail sector.
9. February retail spending misses expectations.
10. World’s largest integrated prawn farm planned for NT.
11. AMP Capital says 18-22 year olds prefer shopping in store rather than online.
12. Rolex to open first airport boutique at Sydney’s T1 international fashion precinct.
13. ABS reports 2.5% decline in clothing, footwear, and accessories in February.
14. Reject Shop warns of significant profit drop in second half.
15. Allphones closes 34 stores as it restructures.
16. ACCC sues Apple over disabling phones fixed by outside repairers.