Sunday 30 August 2015

Retail News Briefs - 30/8/2015

Billabong Records First Profit In 4 Years – Surfwear brand, Billabong, has recorded its first full year profit in 4 years with a $4.2m profit to 30th June 2015 following a disastrous $230m+ loss last year. Billabong credit growth in US and European sales for the improvement.

PayPal Introduces Convenient One-Touch Payments to Australia. The traditional PayPal log-in process can now be replaced with a one-touch payment system as PayPal ups the convenience factor for its retailers. A number of traders at QVM are already using the PayPal system as their preferred merchant facility.

Woolworths New Chairman - Woolworths has reacted to a 12.5% profit slump by appointing former David Jones, and current Origin Chairman, Gordon Cairns, to the role of Chairman.