Latest Retail News – 3/2/2013
1. Major transport group, Wettenhalls, collapses with receivers appointed. 2. NAB business confidence December survey shows improvement following good news for world economy.
3. Woolworths sacks two senior executives for accepting inducements from fresh food suppliers.
4. Online retailer Shoes of Prey teams up with David Jones to launch in-store sales booths.
5. Finnish mobile phone giant Nokia reports first profit in 6 quarters.
6. Costco reports first profit in Australia.
7. Fremantle becomes first council to ban non-degradable plastic bags.
8. December quarter house prices in every Australian capital city rose for first time in 3 years.
9. Baby goods company Mothercare placed into administration after sale to Myer fell through.
10. Luxury fashion house Dior opens first Australian store in Sydney.
11. 40 US states given authority to charge extra for credit card sales.
12. Facebook beats analysts expectations with $1.58 billion revenue in December quarter.
13. Starbucks reports 13% increase in profit for December quarter.
14. 7-Eleven in Sweden rebrands itself with a retro look.
15. Coles and Bunnings help lift Wesfarmers sales by 4.7%.
16. Laura Ashley launches menswear collection.
17. Bulgarian company Lactina to open more than 870 yoghurt shops in China by end 2014.
18. Myer drops injunction against fashion brand Ellery, allowing it to sell to David Jones.
19. Woolworths December half sales up 3.2%.
20. British luxury lingerie brand Agent Provocateur opens space at David Jones.
21. Kathmandu reports better than expected first half sales.
22. Markets Central reports new permanent structure Sunday market at Sydney’s Marrickville Shopping Centre.
