Sunday 16 February 2014

Latest Retail News – 16/2/2014

Latest Retail News – 16/2/2014

1. Online clothing stores experience 4% revenue decline in last 12 months due market saturation.
2. McDonalds to spend $3 billion building 1600 new stores worldwide.
3. Woolworths achieve record sales through supermarkets while department store Big W falters.
4. Australian December retail sales grew 5.7% over previous year.
5. Noni B profit down as it plans some store closures.
6. David Jones considers property development on its wholly owned flagship stores.
7. Woolworths NZ supermarkets suffer community backlash over decision to prefer Aussie over NZ products in Australian supermarkets.
8. Bendigo online furniture retailer, Make Your House A Home, wins Houzz award for international excellence.
9. H&M to open its first COS store in Australia later this year.
10. David Jones chairman and two directors step down from board amid shareholder anger.
11. French mustard brand, Maille, opens first concept store in Mt Eliza supermarket.
12. Costco to open its first store in Spain in 2014.
13. Zara opens its 9th Australian store at Sydney’s Chatswood Centre.
14. Prada reports 9% sales growth in 2013.
15. Retail sales rose 13 per cent in Vietnam in January.
16. Australian street fashion icon, Ksubi, closing all stores.