Latest Retail News – 26/1/2013
- IGA
Chairman attacks predatory tactics by Coles & Woolworths for harmful
impact on small producers.
- Australia’s
December retail sales nearly 1% lower than last year.
- Zamels
fined $250,000 for misleading customers on the size of savings in
advertising.
- Brazilian
fast food chain wraps its burgers in edible paper.
- China’s
December retail sales up 15.2% on previous year.
- Australia’s
online fashion retailer The Iconic to receive $25 million cash injection
from US venture capital firm.
- Shopping
centre owner, Centro, to change its name to Federation Centres.
- Bonds
to launch a new outlet store at Birkenhead Point Factory Outlet Centre in
Drummoyne, Sydney.
- Foodland, IGA and Foodworks
owners form new alliance in SA to tackle Coles and Woolworths duopoly.
- McDonalds continues to warn
of tough trading conditions in fast food.
- Ikea reports an 8% rise in
full year profit as consumers look for savings.
- Specialty
Fashion Group (Katies & Millers) expect first half profit to triple on
the back of cost cutting and improved sales.
- Noni
B expects 30% drop in first half profit following store expansion program.
- Back
To School buying spikes online sales.
