Thursday 18 August 2016

Retail News Briefs – Costco Coffins etc.

Costco Sells Coffins – not your typical supermarket line but Costco are indeed selling coffins at their Ringwood store. The manufacturer of the coffins claims Costco are selling for around half the price that funeral parlors charge. 14 different coffins and caskets are on offer with prices ranging from $360 to $3800.

Cotton On Challenge The Imports – Cotton On takes on the likes of H&M with the opening of a two storey megastore in Bourke St. Melbourne this week. The store will feature a women’s floor, a men’s floor, a barber shop and coffee shop.

Dominos Continues Profit Surge – announcing a 28% lift in annual profit this week, Dominos credits strong growth in Europe and NZ for their performance. Dominos are looking at other menu lines (not hamburgers) and have expressed interest in purchasing the ailing Eagle Boys pizza business.

Walmart Takes On Amazon And Looks Past The Local Store – Walmart are investing heavily in their e-commerce division as they chase online leaders Amazon. Walmart recently acquired and is partnering with Uber and Lyft to home deliver purchases.

The President and CEO of Walmart recently said – “We’re looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that’s what our customers want.”

Pacific Fair Shopping Centre Combines Mall & Outdoor - Pacific fair Shopping Centre on Queensland's Gold Coast certainly has the climate for it but their recent renewal sees a combination of mall shopping with outdoor vista's. Customers are invited on a journey taking in the traditional closed off mall with outdoor shopping precincts, park areas and a huge variety of eating options.