Latest Retail News – 28/7/2018
1. Sumo Salad appoints administrators.
2. Doughnut Times new owners plan relaunch.
3. David Jones posts disappointing sales result.
4. Zara to launch re-cycled clothing program in China.
5. Temple & Webster reaches profitable trading.
6. Starbucks opens coffee shop for deaf people.
7. Aldi have most satisfied customers.
8. Kogan nearly doubles earnings.
9. UK’s Poundworld unable to find a saviour.
10. Australia Post invests $300m in new parcel handling process.
11. American Apparel declares bankruptcy.
12. 7-Eleven opens un-staffed store in China.
13. Last Toys’R’Us stores close in August.
14. Tory Burch to open in Australia.
15. LVMH reports strong first half.
Dick Smith Foods Closes – Dick Smith has reluctantly stopped his food operation while commentators suggest the consumer preference for price over quality made it inevitable.
Amazon’s top sellers include these 36 items under $15.00 – https://www.bustle.com/p/its-unbelievable-these-36-best-sellers-are-under-15-on-amazon-9802745
Starbucks was a massive failure in Australia because Australians appreciate good coffee – https://www.gizmodo.com.au/2018/07/why-starbucks-in-australia-was-a-massive-failure/
With Toys’R’Us gone who will be selling all the toys (in USA) – https://www.forbes.com/sites/walterloeb/2018/07/27/who-will-sell-toys-this-christmas/