Latest Retail News – 20/5/2018
1. Red Rooster franchisees claim to be on the verge of bankruptcy.
2. Convenience store sales slow.
3. Ali-Baba posts record number of transactions.
4. Baby Bunting downgrades guidance.
5. Starbucks and Nestle join in marketing partnership.
6. NAB says “concerning signs” for the retail sector.
7. Supermarkets save March retail figures from decline.
8. Godfreys recommends acceptance of private purchase offer while at risk of default.
9. Amazon reported to be interested in UK’s Waitrose supermarket chain.
10. JB HiFi in strife with ASX over earnings downgrade.
11. Big W still “a work in progress”.
12. General Pants Co. brand collapses. Administrator winds down operations.
13. Calvin Klein, Tommy Hilfiger wholesaler looks to expanding own store network as department stores falter.
14. Uber questions its partnership with Coles food deliveries.
15. Walmart buys Indian marketplace, Flipkart, for $21.4b.
16. Oroton sells off The Daily Edited Brand.
17. Myer loses more than 50 concessions as retail woes take hold.
18. Gloria Jean’s owners face class action over franchise model.
19. First Peter Alexander Junior store to open at Highpoint.
20. Specialty fashion Group offloads major retail brands Rivers, Millers, Katies to Noni-B but keeps City Chic.
21. Your Grocer buys Aussie Farmer Direct.
22. Coles and Woolworths limit access to baby formula.
23. Extended summer hits Myer sales.
24. Woolworths use scale, faster supply, and freshness to impact on independents.
25. Zara Australia’s second largest investor sells out.
26. The Iconic trials one hour delivery.
27. Insolvency specialist says May is one of the worst months for retail.
28. Macy’s says improved outlook for physical stores.
29. McDonalds introduces world first at Sydney Airport with kitchen above serving counters.
30. Starbuck’s China to double store network.
31. Luxury watchmaker, Richemont (Cartier and IWC) buys back store stock to reduce chance of discounting.
China’s ban on importing recyclable waste has created a crisis for Australia’s packaging industry. Recycling is now less of an excuse for creating and using plastic packaging.