Friday 16 November 2012

Latest Retail News – 16/11/2012

Latest Retail News – 16/11/2012
1.      Tourism sites TripAdvisor and Skytrax accused of fake user reviews.
2.      NAB reports business confidence at its lowest level in 3 years while Westpac reports consumer confidence up 5% in November.
3.      David Jones launches new website.
4.      Webjet’s shares plummet 10% as they warn of low tourism growth.
5.      NSW Government withdraws plan to extend  Boxing Day trading to small retailers.
6.      Groupon reports another disappointing result sending stock down 30%.
7.      Australian retailer Bookworld  tackles Amazon by offering free delivery within 2-3 days.
8.      David Jones announces price reductions up to 50% as it competes with online.
9.      New shopping centre in Malaysia will be called a learning enrichment mall, devoted to children.
10.  Popular online photo posting site, Pinterest, introduces new business pages to its format.
11.  Myer report 1% growth in first quarter sales.