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 […]
When it comes to retail leases, most business owners would agree there is currently a severe imbalance between landlords and tenants. But changes to the Retail Leases Act could change retail lease negotiations in New South Wales. Although the present rent regulations in New South Wales are aimed at stabilising tenancies, they are often arbitrary. […]
When it came to setting up her own home office after moving from Sweden to Australia, Kristina Karlsson, from kikki.K, was quick to realise the lack of stylish home and office products that Australian retail had to offer. From there, Karlsson designed her first retail range, and the beginnings of kikki.K. With no business experience, let alone […]
Gavin Dixon, CEO of the business division of Reckon Limited, shares his expertise on the value of retail point-of-sale (POS) software, and the benefits of inventory management.Retail Point of Sale software has many obvious benefits to the business owner – tracking sales, managing inventory, streamlining accounting practices, and building customer loyalty. Not so obvious is […]
Sean Ashby and Guyon Holland from aussieBum Exporting since 2001, aussieBum’s key markets include the US, Europe and Asia. aussieBum’s growing range of swimwear, underwear and leisurewear is going from strength to strength, with 90 percent of sales in foreign markets. After initially being stalled by Australia’s major department stores, owners Sean Ashby and Guyon Holland […]
Les Schirato, CEO of the Cantarella Bros Previously working for the marketing side of the business under his father-in-law and brother, Les Schirato stepped up to CEO and took Vittorio coffee beans from retailing to cafes and delicatessens into supermarkets, discovering a major new sector for the product. Schirato’s branding experience has clearly worked for […]
