Sunday 8 July 2012

Latest Retail News – 8/07/2012

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       Takeover bid for David Jones withdrawn.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