Tag: Retail

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.

Woolworths Limited has topped expectations, growing sales by 4.2 percent on last year, or 4.8 percent excluding Woolworth’s volatile petrol division.

Australian retailers are being warned that they will lose both sales and customers if they do not engage with their customers consistently across multiple channels.