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.
Kristina Karlsson, the Melbourne based founder of Swedish fashion stationery business kikki.K was last night named winner of the 2010 Ernst & Young Entrepreneur of the Year, Southern Region – Product.
Coles has refused to put the prices of its groceries online, fearing comparison shopping with rival Woolworths and independent retailers.
RCG Corporation, parent company of The Athlete’s Foot has posted a Net Profit After Tax of $6.9 million, some 30.6 percent higher than last year on the back of an 11.6 percent increase in sales from The Athlete’s Foot stores.
Direct Factory Outlet (DFO) will be split up store by store and sold off to repay almost $1 billion owed to banks after development of the DFO South Wharf outlet stalled when cash dried up.
Ted’s Cameras celebrates its 40th birthday this year after Ted Todd opened his first Ted’s Camera’s store on Elizabeth Street, Melbourne in 1970, surviving the ‘digital revolution’ to still be retailing in Australia 40 years later.
Retail Food Group, the retail food brand manager and franchisor behind such brands as Donut King, Michel’s Patisserie and Brumby’s Bakeries today posted a record profit for the group.
Direct Factory Outlets’ (DFO) failed South Wharf complex in Melbourne will see the insolvency firm KordaMentha called in as receivers for DFO owners Austexx as early as this afternoon.
Heinz, who already possessed a strong retail distribution channel, found itself able to leverage the Golden Circle franchise distribution network after purchasing Golden Circle in December 2008.
Clive Peeters senior accountant Sonya Causer plead guilty to 24 counts of theft in the Victorian Supreme court yesterday amounting to some $20 million stolen from Clive Peeters accounts.
