Preston Market Shoppers Fuming –
Preston Market’s much hyped Sunday opening last weekend turned into a PR
disaster when customers complained about lack of choice as many Fruit &
Vegetable stallholders failed to turn up. Some traders have vehemently opposed Sunday trading, which
they claim will place an unfair burden on stallholders, but it would appear the
public were not impressed.
Even Some Of
The Retail Darlings Are Struggling – a ripple went through leasing circles this
week as rock star retailer, Zara, approached owners to break their lease at the
Robina Shopping centre on the Gold Coast due to poor business levels. Zara
opened up at the nearby Pacific Centre last year.
Black Friday
Loses Its Appeal – Fast Company has reported that consumers are becoming
dis-enchanted with Black Friday, the mega sales day that follows Thanksgiving.
Apparently they claim there is just too much stress associated with the one
focussed day and many prefer to wait for the second week of Christmas to get
active with their shopping.
Failure Is
Good - Retailers Need To Change The Way They Tackle Innovation – following is a
link to an article on the Harvard Business Review that challenges the way we
tackle change in the retail industry including the need for a culture that
allows failure. https://hbr.org/2017/11/3-changes-retailers-need-to-make-to-survive
QVM Launches
Christmas – this link came through on our Google newsfeed this week - http://www.qvm.com.au/christmas
News In Brief:
1.
Alibaba breaks
record for “Singles Day” sales.
2.
Hugo Boss
wholesale channel declines slightly as it ramps up in-store performance
improvement.
3.
Amazon says
thousands of sellers have joined its Australian operation.
4.
Womens wear
retailer, Decjuba, launches mobile focussed website.
5.
Australians spend
around $230 per month on fast food and dining out.
6.
Oxford Street,
London, to close off street to cars, and create pedestrian mall.
7.
Woolworths focuses
on local produce in its “Share the spirit of Christmas” campaign.
8.
The Iconic and
General Pants show interest in Surfstitch.
9.
Amazon says
Australian launch is “really, really close”.
10.
Sydney’s Pitt
Street Mall is the seventh most expensive retail street in the world.
11.
David Jones
retail sales decline by 5.3%
12.
Bunnings will
continue to make losses in challenging UK market.
13.
ACCC warns large
clothing retailers about their consumer guarantees amidst rising consumer
complaints.
14.
Walmart lifts
profit outlook.