Retail News One-liners – 10/6/2018
1. Department stores attempt to clear winter stock early.
2. Myers rule concession employees cannot say “We don’t work for Myer”.
3. Ebay to launch Ebay Plus in competition with Amazon Prime.
4. Australia Post says Aussies spend $21.3b online in 2017.
5. Former Supre and Sportsgirl chief to head up Country Road.
6. Catch Group and Kogan locked in dispute over mobile phone service naming.
7. Michael Kors posts improved performance but lack lustre future.
8. Lululemon posts impressive results.
9. Kogan to expand into bulky appliances and take on the likes of Harvey Norman.
10. RFG to show full year loss.
11. New Myer Chief to spend two days per week in stores.
12. April retail sales up but mainly in food category.
13. Harris Scarfe to focus on smaller stores and new merchandising strategies.
14. Retail Food Group said it has decided to close between 160 and 200 Australian outlets by the end of the 2019 financial year due to high rents and declining shopping centre performance.
15. Dandenong Market stallholders seek rent relief due tough times.
16. Renowned retailer and designer, Kate Spade, found dead at home.
17. Metcash (IGA etc) heads for full year loss.
18. Coles to focus on digital and fresh.
19. Target to close 20% of retail space.
20. K-Mart expands into SE Asia –
21. Godfreys says it may have cash flow issues.