Tag: Retail

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.

Harvey Norman has finalised a deal to buy Clive Peeters stores and wholesale operations across Australia after Clive Peeters called in receivers PPB.

New figures released by the ABS indicate that the number of Australian retail sales rose again in May, marking the industry’s third consecutive monthly gain.

Confusion among retailers is at an all time high with first phase of the modern award wages for retailers starting yesterday.

Clive Peeters, the beleaguered whitegoods and electrical retailer has been bought by Harvey Norman Holdings Limited through liquidator PPB for $55 million.

Metcash, owner of IGA supermarkets and Australia’s largest independent grocery and liquor wholesaler, will acquire the Franklins supermarket chain for $215 million.