Sunday 5 August 2012

Latest Retail News – 5/8/2012

Latest Retail News – 5/8/2012
1.       Country Road buys Witchery clothing chain for $172 million.
2.       Retail spending rose 1% in June, seasonally adjusted, in line with expectations.
3.       $9 million trade surplus in June exceeds expectation of $400 million deficit.
4.       Pet’s Paradise placed into receivership.
5.       Breville’s shock market with announcement of 40% increase in earnings, largely due to growth in US operations.
6.       G-Star loses court case against local discounter importing its products from other o/s sources.
7.       Harris Scarfe sold to international retail group.
8.       Retailers continue to question supposed rise in retail sales.