Thursday 9 February 2017

Latest Retail News .......administrators called in, takeover, hot new category.


High Profile Fashion Collapses - February is becoming the month of reassessing fortunes particularly in the Australian fashion scene.
Last week David Lawrence and Marcs announced they were in financial strife and their 52 retail stores, 11 outlets, and 140 concession stores were up for sale.
This week Herringbone and Rhodes & Beckett collapsed into voluntary administration. Combined, these brands have 29 stores.

Retail Defection - Myer's top fashion buyer Teneille Ferguson has defected to David Jones.

Takover Bid for Specialty Fashion Group. - The owner of Katies, Rivers, Millers and City Chic has received an offer from a private equity group.

Solomon Lew's Premier Investments Upbeat - A positive earnings update from Premier Investments has pleased the stock market. 

Facebook is reported to be shutting down a number of its pop-up Virtual Reality stores in US due to lack of interest.

The Latest Hot Product - according to this week's retail news the latest hot product is high-end and high-tech men's underwear featuring $70 garments.

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