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