Sunday 12 May 2013

Latest Retail News – 12/5/2013

Latest Retail News – 12/5/2013 
1. Oxfam urges target, Big W, Just Group, and K-Mart to identify their sources of supply in wake of Bangladesh factory disaster. 
2. NAB reports modest online retail sales growth in March. 
3. March retail sales figures fall 0.4% with only Supermarkets and cafe/restaurant showing growth. 
4. JB HiFi expect slight improvement in original sales and profit forecast for 2013. 
5. Coles claims Coca-Cola too expensive in Australia. 
6. Reserve Bank cuts interest rates to lowest in 50 years – now 2.75% 
7. Sydney Opera House opens up food & beverage outlets to public tender for first time. 
8. Adidas reports strong sales in China while others struggle. 
9. Lord Mayor Doyle calls on Federal Government to assist with financing $100m for QVM re-development. 
10. Sydney extends its trial of night time food trucks claiming positive response.