Saturday 1 September 2012

Latest Retail News – 31/8/2012

Latest Retail News – 31/8/2012
1.    Costco announce plans to emulate Coles & Woolworths by opening petrol stations.
2.    New York supermarket sets up an aisle just for men.
3.    David Jones to open a “village format” store at Malvern Central Shopping Centre.
4.    Flight Centre reports 43% leap in full year profit.
5.    Millers/Katies group reports $2.8m loss following store rationalisation.
6.    Study shows only 11% of men can stay at shopping centre for more than 2 hrs.
7.    Billabong plans rationalisation and re-focus after $275m loss.
8.    David Jones expects 35-40% drop in profit on 4.6% sales drop in 2012 financial year.
9.    Telstra offloads Trading Post business to
10. Harvey Norman’s full year profit falls 32%.
11. Ibisworld officially reports that spending on Father's Day is flat.