Sunday 27 November 2011

Latest Retail News - 27/11/2011

1.       NSW based Healthy Life chain collapses with 110 stores to close.
2.       McDonalds acts quickly to video of bird cruelty by sacking egg supplier.
3.       The Australian Chamber of Commerce and Industry warns that current industrial action is a sign of over powerful unions which particularly threatens small & medium businesses.
4.       A Perth shopping centre is encouraging shoppers to abandon online buying with the motto 'You’re not simply shopping, you're helping to create a better community'.
5.       Athletes Foot holds profit in “Worst trading conditions for 30 years.”
6.       Thorn Group record 30% profit increase based on Radio Rentals/Rentlo growth.
7.       K-Mart apologise for inappropriate slogans on youth underwear.
8.       Topshop/Topman, the UK based young person’s fashion brand is to open its first Australian store at The Jam Factory.
9.       JB HiFi has begun selling direct imported cut-price camera gear online.
10.   David Jones report 11% sales slump – mainly from their “wealthier” locations.
11.   ARA predicts slump in apparel and footwear this Christmas while food and household goods are expected to go up.
12.   In what is seen as a veiled threat to landlords, Sir Philip Green, the high profile owner of UK-based Arcadia Group, says he plans to close as many as 260 stores in the next three years as rents come up for renewal.
13.   AMP have followed Westfield with an online mall linked to its shopping centre retailers.