Sunday 20 January 2013

Latest Retail News – 19/1/2013

1. Vodafone shuts down Crazy John outlets to focus on alternative investments. 
2. Facebook launches new search function. 
3. Woolworths and Wesfarmers feature in global retail top 20 list. 
4. Bureau of Statistics show tourism into Australia up 6.9% on last year. 
5. UK music retailer, HMV, goes into administration due to weak sales and a tough market. 
6. Fair Work Australia find more than 120 fast food outlets in Brisbane centres have breached wages provisions. 
7. New security system in McDonalds sprays offenders with traceable location identity liquid. 
8. Dymocks create Lonely Planet hub in their premier Sydney store. 
9. Country Road sales increase by 55% after acquiring Witchery. 
10. The optometry industry expected to grow less than half a percent in 2013 despite ageing population. 
11. Victoria’s new red tape commissioner appointed to boost productivity and reduce business costs. 
12. Ebay’s fourth quarter surges to produce record year.