Latest
Retail News -1/3/2013
1. Woolworths first half profit
up 19% following sale of Dick Smith Electronics. Still a healthy 5.5% up when
when one-off gains excluded.
2. Harvey Norman records 36.5%
first half profit drop after devaluing property holdings.
3. Shopping centre developer
Westfield records 18% boost in full year profit largely from global operations.
4. New Yahoo CEO goes against
industry trends and bans employees working from home.
5. Sydney, Brisbane, and Perth
feature in list of worlds 10 most expensive warehouse rental markets.
6. Danish toy maker Lego records
25% sales boost following introduction of new range for girls.
7. Shares in Billabong tumble
following $537 million loss for first half.
8. RCG Corporation (The Athletes
Foot) shuts down its 9 store Shoe Superstore division.
9. Major shopfitter, ONE Group,
goes into liquidation.
10. Ratings agency Moody's has
downgraded the UK from AAA to AA1.
11. Iconic magazine publisher,
Readers Digest, files for bankruptcy.
12. Wesfarmers report 9.3%
increase in first half earnings with Coles the star contributor.
13. Shopping
centre owner, GPT, records more than 140% profit increase after shifting
portfolio into offices, logistics and business parks.
14. Pacific
Brands (Bonds, Berlei, Jockey) returns to profit.
15. Freedom
Furniture moves sofa manufacturing off shore.
16. Shopping
centre group, Charter Hall, returns to profit as it concentrates on Australian
centres anchored by Coles or Woolworths.
17. Tiffany’s
sue Costco for allegedly selling counterfeit Tiffany rings.
18. Shoe and
sportswear manufacturer, Puma, reports 70% profit drop after 2012 re-structure.
19. Coles
trials new mobile payment system using Mastercard Mobile Wallet.
20. Specialty
Fashion Group attributes profit improvement to online sales.
21. Reject
Shop records 21% profit increase helped by new store openings.
22. CBA
reports 1.9% retail spending increase in January.
23. Google
expected to roll out its own retail stores in 2013.
24. US icon,
Abercrombie & Fitch, reports increased profit with online sales substituting
for declining shop sales.
25. Ibisworld
expects retail homewares sales to improve after 3 years of decline.
26. Jetset
Travelworld reports 22% profit drop
while competitor, Flight Centre, reports 13% rise.
