Latest Retail News – 6/5/2012
1. London regains no.1 most desired city for retailers as tourism boosts sales.
2. Brown Sugar MD walks after disagreement with owners.
3. Toy distributor Funtastic returns to profit after successful rationalisation.
4. Apple knocks off JB HiFi for top corporate reputation while Telstra shows biggest improvement.
5. IBISWorld says nervous consumers are swapping designer purchases for more low to mid-range clothing.
6. Nielson report Australian consumer confidence falls to GFC levels while rest of the world rises.
7. The Doughnut Vault in Chicago closes its door each day as soon as it sells out and has created a scarcity reputation.
8. Westfield appoints Chief Digital Officer to oversee online and digital media strategy.
9. Inside Retail urges David Jones to fill its board vacancy with a retailer.
10. Harvey Norman’s profit plunges 25% for first three quarters.
