Tag: Retail

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.

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.

Centro Retail Trust’s performance this year has dragged down the performance of the broader Centro Property Group with the retail sector performance stagnating in both Australia and the United States over the last year.

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.