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Sunday, 23 March 2014

Latest Retail News – 23/3/2014

Latest Retail News – 23/3/2014

1. David Jones has appointed former Origin Energy chairman, Gordon Cairns, as the department store’s new non executive director and chairman.
2. Fashion powerhouse, H&M, launches Australian website prior to April store opening in Melbourne.
3. Weakness in Australia contributes to McDonalds sales drop in Middle East, Africa, Asia regions.
4. Country Road launches in store concept with Tokyobike. (Yes, a bicycle brand.)
5. Coca-Cola set to launch coinless (NFC) payment on vending machines.
6. Paul Zahra to remain David Jones CEO.
7. Cupcake Bakery chain crumbles into administration.
8. Australia Post to expand rollout of superstore concept.
9. Body Shop withdraws products from Chinese stores following animal testing threat.
10. ANRA says Australian trading laws “archaic”.
11. Ikea opens up in Korea.
12. Women’s fashion and lingerie company, UnderCoverWear, has been placed in administration.
13. US homewares giant Williams-Sonoma, to open more than 100 stores across Australia in the next two years.
14. Ibisworld says Young men interested in fashion but reluctant to shop are embracing online retailers
15. Westfield unveils customers Instagram wall at Brisbane Centre.
16. Chicken retailer, Lenards, to embrace Mexican food craze.
17. David Jones profit falls by $3.5m for 6 months to December despite higher sales.
18. Pumpkin Patch first half profits plunge.
19. Online grocer, Butler & Bentley, says seafood booming.
20. Myers first half profit slides 8%.
21. Metcash issues earnings warning.
22. PayPal introduces pay at the table app for cafes and restaurants.
23. Fossil stores to enter India retail market.
24. Disappointing results from Myer & DJ’s prompts more merger talks.