2. Annual pace of inflation slows to 3 year low of 1.5%.
3. Starbucks remains world’s largest coffee chain but struggles in Australia.
4. J.C.Penney sales plummet 23% after replacing hundreds of sales with everyday low prices.
5. Woolworths opens first drive through supermarket at Warringah NSW where customers order online and pick up by car.
6. Topshop to open 3rd Australian store at Highpoint.
7. Pizza chain, Dominos, expects online sales to reach 50% of total by 2013.
8. JB HiFi report online sales up 77.3% but still only represent 1.6% of total sales.
9. Westfield global profits up 30% despite 10% fall in revenue.
10. Online shopping deals giant, Groupon, suffers 20% share price fall following disappointing forward prediction.
11. NAB business report for July says retail sector “worryingly weak”.