Sunday, 13 July 2014

Latest Retail News – 13/7/2014

Latest Retail News – 13/7/2014

1. South Africa’s Woolworths makes its final offer for David Jones and Country Road Shares.
2. Some retailers claim penalty rates on public holidays make trading uneconomic.
3. Australia’s Fish’n’Chips shops are struggling.
4. Samsung declared “biggest Asian brand”.
5. Dick Smiths beats sales expectations in tough climate.
6. Group buying website, Spreets, accused of misleading conduct by ACCC.
7. Australians doing more shopping while at work.
8. Pizza Hut and Dominos go head to head with $4.95 pizzas.
9. Sam’s Warehouse and Crazy Clark’s in receivership.
10. Health groups slam Woolworths entry into health check services.
11. UK arm of La Senza collapses into administration with 55 stores.
12. Wesfarmers flags poor results for Target and liquor business.
13. Harrods opens store at Hong Kong airport.
14. GE Capital fined $1.5m for misleading Coles and Myer customers.
15. ABC Shop opens in Melbourne’s Emporium Shopping Centre.
16. ACCC targets so-called “independant” reviews posted online.
17. Sass & Bide founders leave their label after two decades.
18. Global booking giant, Expedia, makes offer for Australia’s Wotif.
19. Germany’s Von Fass, “The lolly shop for adults”, launches in Australia.
20. Myer adds labels Charlie Brown and Howard Showers to its fashion stable.
21. US retailer, Walmart, replaces Shell as the world’s top company based on revenue.
22. ACCC questions purchase of four IGA supermarkets in WA by Coles.
23. Winning Group praises new Australia/Japan pact to lower tariffs as good for retail.
24. US Government sues Amazon for allowing children to purchase online without authority.