Sunday 20 November 2011

Latest Retail News: 20/11/2011

1.       International fashion store GAP is to open in Melbourne Central on 10th December.
2.     Metcash says it is in the final process of selling its newly-acquired Franklins stores to IGA retailers.
3.     Neilsen says consumer confidence slipped a further 6 points in the September quarter.
4.       Australian surfgear brand Hot Tuna is to be sold following slow growth.
5.       7 -Eleven has been named ARA’s Australian Retailer of the Year.
6.       Dunn & Bradstreet report that Australian business trading terms are slipping out to 53 days.
7.       Australian retail spending has posted its biggest monthly increase for more than 2 years.