Saturday 10 December 2011

Latest Retail News – 10/12/11

        1. Oroton plan to close some low volume stores following the extraordinary growth of online.
2. Kathmandu removes minimum purchase requirement and now offers free delivery for all online purchases.
3. Queensland is to follow NSW and force fast-food outlets to declare calorie content.
4. David Jones warns of 20% profit drop for first half year.
5. The world's first Androidland store has been opened by Telstra in Melbourne, showcasing Android smartphones and tablets.
6. Coles and Woolworths roll out latest contactless payment system.
7. Consumer affairs seize more than 10,000 unsafe toys from Victorian retailers.
8. RBA decision to cut official interest rates expected to help retailers.
9. New laws passed in WA to protect retail tenants.
10.   Clothing retailer Fletcher Jones has been placed in administration.