Friday 7 September 2012

Latest Retail News – 7/9/2012

Latest Retail News – 7/9/2012
1.    Scandinavian fashions and homewares brand Marimekko to open stores in Australia.
2.    McDonalds to open stores in Vietnam.
3.    Harvey Norman blames fire-sales and restructuring by competitors for poor margins.
4.    Remaining 27 Darrell Lea stores to close as new owner concentrates on wholesaling.
5.    Retailers critical of RBA decision to leave interest rates on hold.
6.    Women’s fashion chain, Ojay, put into administration with 22 stores at risk.
7.    Billabong receives second takeover offer.
8.    JB Hi Fi to move into commercial B2B telecommunication.
9.    Ibisworld says competition from supermarkets and digital news is a double-whammy for newsagents.