Plummeting sales and writedowns on fashion brands have forced retail giant Myer to close more stores and introduce lean marketing initiatives in a bid to remain competitive, following the announcement on Thursday that the company’s net profit was down 80 per cent. Myer Chief Executive Officer and Managing Director, Richard Umbers said on Thursday that […]
The Australian shopping experience has evolved dramatically over the last decade. Emerging global high street outlets vie for space among newly expanded independent retailers as each offer unique products and services to towns and cities. At the same time, online retail has experienced a boom; widely adopted by business owners and shoppers alike. Despite the […]
The Australian retail industry has a lot of catching up to do to compete with online offerings from the US and UK.
Julian Smith looks at the business lessons that can be gleaned from outdoor wear retailer, Kathmandu.
“In a market where the big players such as Myer and David Jones are continually downgrading profit projections, how did Kathmandu do it?”
Harvey Norman plans to launch a China-based retail website to circumvent the Government’s GST legislation have been called a hoax, after Harvey Norman chairman Gerry Harvey announced the plan yesterday.
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