Latest Retail News –21/7/2012 1. Telstra to recognise traditional landowners in all stores.
Confectionary manufacturer and retailer, Darrell
Lea, goes into voluntary administration.
Westpac Index of Consumer Confidence rises 3.5%
in July following RBA interest rate decision.
Extended warranty provider goes under, affecting
customers of Woolworths, Myer and Dick Smith.
RMIT study shows consumer more likely to trust
food product labels than what they read on the internet.
Tax Office to target coffee shops – make sure
shop sales match with coffee bean suppliers.
Amazon’s same day delivery puts extra strain on
US retailers trying to compete.
Private label products (think Coles and
Woolworths) grow to 25.2% of sales in 2012.
Pattie Foods (Four’N Twenty pies) defies
difficult times, and the move to private labels, with 7% profit increase.
Optus launch new small business web hosting
service for $5.95 month.
Small business pushes payment terms out to 53.2
days. 62% of all trade payments were late in the June quarter.
Harvey Norman to purchase several Retravision
NAB and Westpac report improved conditions for
Myer to shed 100 jobs, mainly back room.
IGA launches Locked Down Low Prices strategy in
war with other major supermarkets.
Darrell Lea sales rocket fourfold as local and
o/s companies eye off purchase.
Alfred Dunhill shuts down stores in India.
Across the board decline in US retail sales
continues for 3rd straight month.
Country Road report Australasian sales down by
Federal Government announces ABS will track
Noni B announce profit bounce back in region $2.5m
Di Bella coffee launches JV in India.
Fashion e-tailer SurfStitch has
taken out the title of 2012 Online Retailer of the Year.