Friday 22 June 2012

Latest Retail News – 22/06/2012

Latest Retail News – 22/06/2012
1.       Reserve bank puts stopper on unreasonable credit card surcharges by retailers.
2.       Sydney police operation catches 72 retail thieves with $18,500worth of goods over 4 days.
3.       Mag Nation to close its flagship Auckland store as magazines become “luxury item”.
4.       Asia Pacific duty free and airport retailing outperformed Europe for the first time in 2012.
5.       Nokia sheds 10,000 jobs and closes plants as it battles to survive.
6.       ACCC investigates claims that Coles and Woolworths bully suppliers.
7.       Woolworths changes slogan to “Australia’s fresh food people” to enhance Australian sourcing.
8.       Ebay to give Tax Office details of sellers in undeclared income crack-down.
9.       Major international retailers suffer as 300 garment factories close in Bangla Desh due industrial action.
10.   ACCC launches hotline to handle complaints on carbon price hikes.
11.   CBA Business Sales Indicator up again in May giving best results for 2 years.
12.   Co-op Bookshop snaps up competitors, Melbourne University and SPP Medical and Legal Bookshops.
13.   Harvey Norman adds solar panels to its retail offering with major order on Westinghouse USA.
14.   Metcash, distributors to IGA and Franklins, set to take control of Mitre 10.
15.   Media and advertising company, APN, takes over online retailer Exclusive.
16.   British retailer, Tesco, exits Japanese market.
17.   Woolworths moves ahead with negotiations to sell Dick Smith Electronics.
18.   Myers share value hits record low.
19.   Billabong looks to raise $225m in share issue designed to retire debt.