September spending good news for retailers
September showed the first back-to-back gains for the Commonwealth Bank Business Sales Indicator (BSI) in ten months, a promising sign for retailers.
Retail
September showed the first back-to-back gains for the Commonwealth Bank Business Sales Indicator (BSI) in ten months, a promising sign for retailers.
Woolworths sales for the September quarter are 4.1 percent higher on the corresponding quarter last year, with gross sales of $13.9 billion during the reporting period.
Bunnings Warehouse and Dymocks retail outlets have both committed to rolling out PayPass contactless payments terminals across all their stores, partnering with Commonwealth Bank to roll out the service.
kikki.K, the ‘fashion stationary’ retailer established by Swedish born Australian entrepreneur Kristina Karlsson 10 years ago in Melbourne will open in Singapore’s Changi Airport next month.
Costco has blamed supermarket heavyweights Coles and Woolworths for slowing the retailer’s expansion in Australia, with chief financial officer and executive vice-president Richard Galanti claiming competition for bulk-goods retail sites in Australia was fierce.
South Australian restaurants are rejecting plans to place food safety notices on the doors of eateries in the state, following a successful ‘scores on doors’ scheme in New South Wales.
Direct Factory Outlet founders David Wieland and David Goldberger are demanding an inquiry into ACCC chairman Graeme Samuel, The Australian reports.
Australia’s services sector is contracting at an ever increasing pace as the Reserve Bank of Australia uses a blunt tool, interest rates, to slow down inflation from Australia’s rampaging resource sector.
Bunnings plans to spend $600 million in NSW over the next three years including a 20,000m² Bunnings Warehouse in Alexandria which will be the largest home improvement store in Australia, creating over 255 permanent jobs.
Metcash’s $215 million offer to acquire Franklins 85 supermarkets and distribution chain from South African based Pick n Pay Retailers (Pty) Limited has the ACCC considering whether to block the deal on competition grounds.
Woolworths has had the rezoning of its planned Woolworths hardware big-box store with US hardware giant Lowe’s rejected by Victorian Planning Minister Justin Madden.
Creating an online retail website is the easy part, making sure you integrate it properly with your existing retail store and are able to service your customers effectively is where things get tricky, so we got the low down on creating an online retail store.
Getprice.com.au the Australian online price comparison/shopping site co-founded by Jared Oken in 2005 has been bought by News Digital Media for an undisclosed sum.
Microsoft and PBL yesterday launched Cudo.com.au, yet another Groupon clone in an already crowded Australian market filled with the likes of JumpOnit, Ouffer, Spreets, OurDeal and Scoupon run by Catchoftheday.
Brisbane’s Queen Street Mall remains one of the most in-demand retail spaces in Australia according to Jones Lang LaSalle following an off-market lease deal done for circa $3,500sqm by Retail Leasing Negotiator Emile Traversari.
The Australian Retailers Association said the ABS July Retail Trade figures released yesterday showing a 0.7 percent growth in July retail trade was “not good enough”.
Salmat today announced that its leading shopping portal for retail advertisers Lasoo.com.au, has been awarded a triple A-rated Statement of Accessibility Conformance by Vision Australia.
Harvey Norman has announced a profit of $290.04 million, up 15.8 percent on last year, showing there is still life in bricks and mortar retailing and dismissing suggestions from rival Ruslan Kogan that Harvey Norman’s business model is dead.
Groupon clone OurDeal is hoping online group coupon ordering won’t be an ordeal as it tries to replicate the success of Groupon clones Spreets, Ouffer and Jump On It in the Australian market.
Coles has refused to put the prices of its groceries online, fearing comparison shopping with rival Woolworths and independent retailers.