Sunday 2 June 2013

Latest Retail News – 2/6/2013

Latest Retail News – 2/6/2013 
1. David Jones down 2.2% in third quarter blamed on consumer sentiment and unseasonal warm weather. 

2. Co-founder of Sydney street-wear label, Ksubi, under ACCC investigation for trading while insolvent. 
3. Billabong puts Canadian Store division up for sale. 
4. Australian tourists outrank France and India for total spending in USA. 
5. Dunn & Bradstreet reports Australian retail businesses amongst the slowest payers. 
6. 27 of the BRW Rich 200 list are retailers. 
7. Westfield to spend $435m re-vamping Miranda Shopping Centre in Sydney. 
8. Australia Post to re-launch digital mailbox system following last year’s “technical difficulties”. 
9. Cafe Sospeso (Suspended Coffee) gains favour as customers pay for an extra cup to be later enjoyed by under-privileged. 
10. Cellarmaster fined $110,000 for sending emails that did not comply with Spam Act. 
11. Woolworths ramps up price war with big cuts on beef, coffee, and cosmetics. 
12. Wesfarmers plans overseas acquisitions. 
13. Target expands its outlet store chain in new Gold Coast centre. 
14. High-end jeweller, Tiffany’s, reports 3% rise in first quarter global sales. 
15. David Jones to accept China’s largest card scheme, Union Pay, in store. 
16. Chicken store franchise, Lenards, up for sale. 
17. David Jones lures fashion brand, Simona, back from Myer. 
18. Business review website, WoMo, reports rude shop assistants more annoying to consumers than call centres.