Sunday 25 March 2018

Retail News – One Liners – 25/3/2018

Retail News – One Liners – 25/3/2018
1. Forbes is asking if US food giants, Target & Kroger, might be looking at a merger.
2. New Qantas Dreamliner 17hr flight to London could stimulate tourism.
3. Next says 8.1% drop in profit due reduced spending on clothing, shift to online, and product strategy errors.
4. Pineapples are the fastest trending fruit in UK supermarkets.
5. US toy executive pledges $millions to public fund aimed at resurrecting Toys’R’Us.
6. Nike’s third quarter sales beat expectations, shares up.
7. UK retail sales up in February, but not enough to compensate for December/January decline.
8. Solomon Lew says Myer’s “one-off write-offs” are just mathematical gymnastics.
9. Haigh’s Chocolates bucks trends and spends $15m on new factory.
10. Local arm of Toys’R’Us says they are unaffected by US collapse.
11. Wesfarmers to offload Coles Supermarket Division as it reassesses needs.
12. Kathmandu to purchase US based footwear wholesaler Oboz.
13. H&M to open first Tasmanian store.
14. Myer incurs huge loss after writing down brand name and goodwill by more than $500m.
15. Sydney’s Broadway Shopping Centre allows shoppers to search for individual products online.
16. Administrators say Oroton can be saved.
17. Thorn Group says Radio Rentals is struggling.
18. Amazon Australia reaches 10,000 sellers milestone.
19. Rock-melon listeria deaths climb to six.