Latest Retail News – 1/9/2013
1.
Retailers angry at decision to increase
apprentices pay by up to 30%.
2.
Noni B profits slashed by half due largely to
reduced margins.
3.
Specialty Fashion Group (Millers, Katies etc.)
back into profit for range of reasons including lower rent.
4.
Luxury brand, Tiffany & Co, to open first
store in South Australia.
5.
Flight Centre records 9% increase in revenue
with improved margins.
6.
Intersport brand returns to Australia as 70 independent
sports stores re-branded.
7.
Billabong suffers $860 million profit drop
following major brand write down.
8.
Myer completes internal management review as it
prepares for Bernie Brooks retirement next year.
9.
US consumer confidence inches closer to 5 year
high.
10. Independent
Retailers of Australia (ARA etc.) rally against Coles/Woolworths cross
subsidising fuel.
11. Owner
of Ksubi fashion brand enters administration.
12. Woolworths
lifts full year profit almost 25% following strong supermarket performance.
13. Country
Road continues to benefit from purchase of Witchery and Mimco.
14. Swedish
retailer, H&M, opens 4th store in Malaysia.
15. Woolworths
allowed to buy 3 IGA stores.