Latest
Retail News – 29/07/2012
1.
NAB ups business lending loans rate by 20
basis points.
2. Consumer
prices rise less than expected with inflation at 1.2%, down from 1.6% in March.
3. Dick Smith
says continuous economic growth unsustainable.
4. General
consensus (RBA, ABS) that consumer spending has lifted but is it temporary
spike?
5. Quirky travel and stationary goods retailer,
Typo, opens first airport shop in Brisbane.
6. Centro Shopping
Centre Bankstown extends trading hours to accommodate Ramadan.
7. Fashion e-tailer,
Surfstitch, wins 2012 Online Award.
8. Adidas
closes its only factory in China.
9. Assistant
Treasurer, David Bradbury opens inaugural Retail Council of Australia meeting
in Sydney.
10. Ebay
reports revenue up 23% over last year.
11. Retail
study claims more than half Australians over 15 now shop online.
12. Australia’s
largest independent property advisor, Herron Todd White, reports retail vacancy
rates are soaring in prime and secondary Sydney shopping strips.
13.
Treehouse Children’s Decor placed into receivership.