Sunday 21 April 2013

Latest Retail News – 21/4/2013

Latest Retail News – 21/4/2013 

1. Myer takes clothing manufacturer, Kym Ellery, to court over supplying a competitor. 
2. IbisWorld report predicts double digit growth for online sporting and recreation goods in the next 12 months. 
3. US retail sales fell 0.4% in March. 
4. Finnish clothing brand Marimekko to open 3 stores in China. 
5. Louis Vuitton group to buy Australia’s R.M.Williams. 
6. Melbourne’s Eastland Shopping Centre to receive $500 million upgrade. 
7. Independant Australian bicycle retailers to band under Bike Centre name. 
8. Harvey Norman plans to build office towers above some of its retail stores. 
9. Dunn & Bradstreet says credit card usage on the rise. 
10. Harvey Norman sales up slightly in March quarter. 
11. Burberry international sales up 9% boosted by Chinese demand. 
12. Priceline profit rises 6.8% on flat sales. 
13. Victoria’s Secret opens first store in Perth. 
14. Commonwealth Bank reports card spending up 1.3% in March.