Sunday 30 March 2014

Latest Retail News – 30/3/2014

Latest Retail News – 30/3/2014

1. Starbucks start serving beer and light meals in hundreds of outlets.
2. Urban renewal expert says empty Chapel St. shops a worrying trend.
3. Premier Investments (Just Jeans etc.) lifts first half profit by 12%.
4. Westfield sells 3 UK malls.
5. Westfield introduces short term leases for new fashion designers.
6. Rundle Mall’s vacant Charles St Plaza in central Adelaide to be converted to pop-up concept.
7. Walmart continues to trim Chinese stores as downturn bites.
8. Retail industry supports government moves to cut red tape.
9. Tasmania Distillery wins world’s best single malt whisky at World Whisky Awards in London.
10. The average Australian now spends more time on mobile phone than watching TV.
11. Last year’s BRW Rich Listers, Paul & Ian Everest of clothier Unit Technologies, collapse into administration.