Retailer Kmart plans to withdraw its application to trade before 1pm on Anzac Day in NSW after the proposal sparked outrage across the country. Kmart managing director Guy Russo apologised for the companies decision to apply to trade during Anzac Day marches after receiving an overwhelming number of complaints and intense criticism from customers, politicians […]
War veterans have chastised an application by Kmart to open its stores before 1pm on Anzac Day, with some RSL’s threatening a boycott of the company. In an application to the State Government, Kmart, said there was “a desire within the community to see our stores open before 1pm on Anzac Day”. The company has […]
Woolworths exceeded market expectations today with a reported 11.4 percent rise in first-half net profit for this financial year. In the half year (27 weeks) ending 3rd of January, Woolworths net profit was $1.09 billion, up 11.4 per cent compared to the same period last year. Share holders will be paid interim dividend of 53 […]
The best of the best focus on how they can provide value to the customer whilst the average retailer looks at the price of the product. Research around the world shows that price is not the main priority when customers go shopping.
Woolworths has announced the initial 12 locations for the company’s hardware and home improvement competitor to Bunnings Warehouse. Initially the roll out would be across Victoria, with Victorian Planning Minister Justin Madden saying the state government would expedite the planning approval for the sites, at Coolaroo, Burnside, Preston, Hawthorn East, Oakleigh South, South Morang, Mornington, […]
The heavy discounting offered over the Christmas period will continue into the new year but isn’t expected to eat into the retailer’s margins, said Myer chief executive officer Bernie Brookes. Brookes said Myer’s sales for the month of December were dragged down by the electrical and entertainment goods categories. Those categories had received a boost […]
Myer chief executive Bernie Brookes announced that he was expecting a “good, but not great” Christmas at a Financial Services Institute lunch earlier this week. Sales of gift wrapping, decorations and hampers were “in line with expectations”, but he was being realistic about the prospects for Christmas given the economic climate of the past two […]
According to the March Australian Retailers Index released today, almost one quarter of small to medium retailers have downsized their staff numbers in the last three months. However, 65 percent have kept up staffing levels and 11 percent have hired more staff in the same period. Although lower consumer confidence is hurting the retail sector, […]
Consumer research commissioned by out-of-home media firm oOh!media sheds light on how advertising works in a retail environment with 83 percent of respondents saying they were affected by price discounts, while almost two-thirds say they stick to regular brands and just over half are after convenience. The How We Really Shop survey revealed that consumers […]
Using your Personal Identification Number (PIN) to verify credit and debit card transactions is now an option, opening the way for faster payment. “There are more than 44 million debit and credit cards in Australia, which are used over 118 million times per month to pay for goods and services,” says Simon Greig, Pen or […]
