Sunday 2 August 2015

Latest Retail News - 2/8/2015

Latest Retail News – 2/8/2015
1. GST to include online purchases under $1000.
2. Chemist Warehouse opens new store in Melbourne’s Bourke St. Mall.
3. Myer introduces voluntary redundancy as part of workforce reduction.
4. ANZ says consumer confidence slightly higher in July.
5. Topshop drops skinny mannequins after social media backlash.
6. Louis Vuitton parent company reports higher profit from luxury sales.
7. Amazon now has higher share market value than Walmart.
8. Fashion etailer, The Iconic, pulls out of TV advertising.
9. Men’s online average purchase is higher than women’s.
10. Australian fashion group, PAS (Metalicus, Review), buys online bridal wear business, White Runway.