Retail News Shorts – 16/06/2012
LookSmart Looks to the Future
This mall-based alteration chain is
looking to open a store a month as it cashes in on a new consumerism trend.
Apparently savings conscious Australians are looking to update existing
clothing as an alternative to buying new clothing. LookSmart franchises are
adding embroidery and dry cleaning services to their range as they tap new
markets.
Cashed Up Young Men Make Their
Mark
Australian National Retailers Association CEO says retailers are
reporting more action from young men 18-25, particularly in fashion and
accessories. Apparently the stay-at-home generation don’t have the mortgage or
rent woes of other groups and are willing to spend on tailored clothing and
more upmarket goods. cont'd.....
Apple Replaces Google Maps
Apple is to replace Google Maps with its own map program on iPhones and
iPads. Traders who show up on Google Maps may wish to set up an entry on Yelp
which Apple have just purchased as its propriety map application.
Domestic Tourists Spend More
Australian tourists have spent $50 billion in Australia, in one year,
for the first time. Tourism Australia says it is the best news in a long time
with 4 straight quarters of growth. Tourism spending is up 10% on the year and,
even allowing for a bounce back from the Queensland floods, shows real growth.
