Latest Retail News – 8/07/2012 1. Reserve Bank decides to leave official interest rate unchanged.
Jewellers, Bevilles, quits Queensland stores
to concentrate on southern states.
Blackberry’s new stores in Indonesia designed
by Australian company.
One in two Australian companies plan to
increase prices due carbon tax.
Key US retailer Abercrombie & Fitch
looking to Australia following rationalisation in US.
Country Road confirms talks over Witchery
Takeover bid for David Jones withdrawn.
Online sales growth slows to 5.2% of bricks
& mortar spend.
Deals Direct trumps customer satisfaction
survey for online sales beating traditional retailers like Woolworths, Target,
K-Mart, and Myer.
The nation’s charity stores growing in size
and professionalism as thrifty buying takes over.
Salvo’s sales up 8% in NSW and ACT.
Woolies accused of bullying suppliers once
StyleTread online shopping concept banished from
Westfield after bricks & mortar tenants revolt.
Brumby’s MD resigns after being challenged by
ACCC over “Blame price rises on carbon tax” letter
MYOB reports more than half of Australian
business operators borrowed money to stay afloat in last 12 months.
Target plans to harness “pester power” with TV
ads directed at 5 year olds.