Retailers – Page 22 – channelnews

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Will Vicinity And Scentre Sell Off Property Assets?

Elise Reid May 4, 2020 No Comments

Citi has stated that two of Australia’s largest mall owners – Scentre Group and Vicinity Centres – could sell off some $4 billion of property assets in order to survive…

Will Oz Consumer Confidence Continue To Recover? Up 1% Last Week

Elise Reid April 28, 2020 No Comments

Australian consumer confidence has improved for the fourth week in a row, but rose by just 1% last week, according to the ANZ-Roy Morgan Consumer Confidence index. “Confidence is showing…

Radio Rentals Permanently Closes All Brick-And-Mortar Stores

Elise Reid April 23, 2020 No Comments

After 83 years in operation, Radio Rentals has announced that it is permanently closing its 62 stores and some of its warehouses. However, it plans to expand its online operations.…

ACCC Ruling Allows Retailers To Collectively Bargain With Landlords During COVID-19

Elise Reid April 23, 2020 No Comments

The ACCC has granted the Australian Retailers Association (ARA), including all its current and future members, temporary authorisation to share information relevant to negotiations during the COVID-19 pandemic. Usually, rental…

COVID-19 Retail: Myer Extends Temporary Closure

Elise Reid April 22, 2020 No Comments

Myer has announced that it will be extending the temporary closure of its physical stores until at least 11th May 2020, in line with Prime Minister Scott Morrison’s 16th April…

Is Australian Consumer Confidence Improving? April Surveys Deliver Mixed Results

Elise Reid April 22, 2020 No Comments

The ANZ-Roy Morgan Consumer Confidence index has strengthened for the third week in a row, up 7.7% this week. The ‘time to buy a major household item’ category increased by…

Myer’s Online Sales Flourish During COVID-19, Up 800% Over Easter Long Weekend

Elise Reid April 20, 2020 No Comments

Despite closing all of its physical stores in late March, Myer has posted strong sales growth through its online channels during the COVID-19 pandemic. Online purchases made over Myer’s Easter…

Chinese Brands Oppo, Hisense, Haier, TCL & TP Link Facing Major Backlash Due To COVID-19

David Richards April 19, 2020 No Comments

A massive backlash against Chinese owned brands is coming according to observers with retailers facing the real possibility that they could be left with millions of dollars’ worth of Chinese…

Has The Commercial Leasing Code Of Conduct Provided Any Real Relief For Retailers?

Elise Reid April 17, 2020 No Comments

On the 7th of April the National Cabinet released a Mandatory Code of Conduct on SME Commercial Leasing Principles During COVID-19, which stated that landlords should create arrangements with each…

Oh Dear! What Happened To The Vanishing Sharp Story At Appliance Retailer

David Richards April 17, 2020 No Comments

Oh, dear what happened to the vanishing Sharp Australia story at Appliance Retailer. One minute they are telling readers that Sharp Australia is set to stop selling microwaves, with the…