EXCLUSIVE:Now Spotlight Owned Harris Scarfe Tries To “Screw” Suppliers
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May 14, 2020
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Back in April, department store chain Harris Scarfe was sold to Spotlight Group, leaving unsecured creditors in the lurch for millions, now... Read More
Shoppers Return To Malls As Consumer Confidence Makes A Major Recovery
Scentre Group, which owns Westfield shopping centres, reported that customer visitation has picked back up again in recent weeks. Last weekend Westfield’s... Read More
Solomon Lew: ‘Some Retailers Will Not Recover’
Premier Investments – which includes The Just Group, Portmans, Peter Alexander, Smiggle, Dotti and Jay Jays – has announced the start of... Read More
‘Retailers Will Need To Offer A Superior Experience Post-COVID-19’
Shaun Bonett, the CEO of Precision Group, which has a portfolio of retail and hospitality properties has said that retailers will need... Read More
Wesfarmers To Double Down On Online Channels
In his address to the Macquarie 2020 Conference, Wesfarmers CEO Rob Scott revealed that the group plans to make even great investments... Read More
Costco Starts To Feel The Pinch As Sales Fall In April
In April Costco Wholesale recorded the first fall in monthly sales in over a decade, with the company stating they were negatively... Read More
March COVID-19 Panic-Buying Drives Spike In Retail Sales
According to the latest Australian Bureau of Statistics (ABS) figures, retail turnover rose by 8.5% in March, marking a significant increase of... Read More
COVID-19 Retail: JB HI-FI’s Appliances & Tech Sales Skyrocket
While many retailers are struggling during the COVID-19 lockdown, the JB HI-FI group, which includes The Good Guys, has reported strong sales... Read More
ACCC: ‘Mainly Bad, But Some Good From COVID-19’
In his virtual address to the Australian Chamber of Commerce and Industry, ACCC Chair Rod Sims said that while many challenging circumstances... Read More
Consumer Confidence Improves Fifth Week In A Row
The ANZ-Roy Morgan Australian Consumer Confidence index picked up for the fifth consecutive week, rising by 5.3% last week, an improvement on... Read More
Will Vicinity And Scentre Sell Off Property Assets?
Citi has stated that two of Australia’s largest mall owners – Scentre Group and Vicinity Centres – could sell off some $4... Read More
Will Oz Consumer Confidence Continue To Recover? Up 1% Last Week
Australian consumer confidence has improved for the fourth week in a row, but rose by just 1% last week, according to the... Read More
Radio Rentals Permanently Closes All Brick-And-Mortar Stores
After 83 years in operation, Radio Rentals has announced that it is permanently closing its 62 stores and some of its warehouses.... Read More
ACCC Ruling Allows Retailers To Collectively Bargain With Landlords During COVID-19
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April 23, 2020
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The ACCC has granted the Australian Retailers Association (ARA), including all its current and future members, temporary authorisation to share information relevant... Read More
COVID-19 Retail: Myer Extends Temporary Closure
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April 22, 2020
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Myer has announced that it will be extending the temporary closure of its physical stores until at least 11th May 2020, in... Read More
Is Australian Consumer Confidence Improving? April Surveys Deliver Mixed Results
The ANZ-Roy Morgan Consumer Confidence index has strengthened for the third week in a row, up 7.7% this week. The ‘time to... Read More
Myer’s Online Sales Flourish During COVID-19, Up 800% Over Easter Long Weekend
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April 20, 2020
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Despite closing all of its physical stores in late March, Myer has posted strong sales growth through its online channels during the... Read More
Chinese Brands Oppo, Hisense, Haier, TCL & TP Link Facing Major Backlash Due To COVID-19
A massive backlash against Chinese owned brands is coming according to observers with retailers facing the real possibility that they could be... Read More
Has The Commercial Leasing Code Of Conduct Provided Any Real Relief For Retailers?
On the 7th of April the National Cabinet released a Mandatory Code of Conduct on SME Commercial Leasing Principles During COVID-19, which... Read More
Oh Dear! What Happened To The Vanishing Sharp Story At Appliance Retailer
Oh, dear what happened to the vanishing Sharp Australia story at Appliance Retailer. One minute they are telling readers that Sharp Australia... Read More
Australian Consumer Confidence Continues To Bounce Back
The ANZ-Roy Morgan Consumer Confidence has lifted for the second week in a row, rising by 8.8% to 78.2. This comes on... Read More
Afterpay Tightens Spending Limits, But Profits Continue To Climb
Despite the COVID-19 pandemic really kicking in across all Afterpay’s markets in March 2020, its average daily global sales were still up... Read More
Oz In Lockdown: Time Spent On Cooking Websites Up 71%
According to Nielsen’s data, Australians collectively spent 63,555 hours on food and cooking websites on the 29th March, an increase of 71%... Read More
Online Sales Surge As PM Says Lock Down Will Not Be Lifted Any Time Soon
As traffic to retail stores fall by up to 70% retailers such as Bunnings, Officeworks, Big W and JB Hi Fi are... Read More
S&P Revises Outlooks For Australian Retail REITS
S&P has revised the outlooks for four Australian retail REITs to negative and one to stable, citing limited buffering to absorb “the... Read More
Sales at David Jones Fell 19% In March, But Online Sales Grew By 108%
David Jones’ parent company Woolworths Holdings Limited, which is based in South Africa, has disclosed how the COVID-19 pandemic has impacted the... Read More
Bunnings Gears Up For Easter Rush, And Launches DIY Live For Australians In Lockdown
Bunnings is encouraging customers to get their shopping done earlier this week, ahead of what they say is traditionally a busy period... Read More
BREAKING NEWS: Another Greenlit Brands Linked Retailer Placed Into Administration
Debenhams the UK retailer who set up in Australia in 2017 is on the brink of administration for the second time in... Read More
COVID-19: How The Proposed Commercial Tenancy Rules And Banking Packages Will Support Retailers
The government has proposed new measures to protect commercial tenants during the COVID-19 pandemic. These will be discussed at the National Cabinet... Read More
Retail Turnover Was Up 0.5% In February, Before COVID-19 Really Hit Australia
According to the latest Australian Bureau of Statistics (ABS) figures, Australia’s retail turnover rose by 0.5% in February 2020. This followed a... Read More
JB Hi Fi Not For Sale After Wesfarmers Speculation
JB Hi Fi stock rose today after speculation emerged that the cashed-up Wesfarmers Group, who earlier this week sold down their shareholding... Read More
Kmart Insists There Was ‘Minimal Risk’ To Customers After Employees Test Positive For COVID-19
Chadstone Kmart, located in Melbourne’s popular Chadstone Mall, closed yesterday afternoon, after two casual team members tested positive for COVID-19. “As soon... Read More
Retail Boss Questions Whether $130-Billion Handout Will Be Enough
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March 31, 2020
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Rob Scott, the Managing Director of Wesfarmers Group, believes that the government’s wage subsidy payment of $1500 per fortnight “only goes so... Read More
Bunnings Gets Greenlight To Acquire Adelaide Tools And Oaklands Mower Centre
The ACCC has announced that it will not oppose Bunnings’ acquisition of Adelaide Tools and Oaklands Mower Centre, which sells power tools... Read More
COVID-19: Woolies Joins Coles In Asking Customers To Pack Their Own Bags
Woolworths has joined Coles in asking customers to pack their own bags at the checkout in order to reduce the amount of... Read More
UPDATED:David Jones Tipped To Follow Myer & Close Down Stores
Myer has jumped the gun and announced that they are set to start closing all stores from this weekend, David Jones is... Read More
Concerns Over Move To Set Minimum Advertised Prices On Power Tools
The ACCC has moved to disallow power tool distributer Stanley Black & Decker’s from setting a minimum advertised price for Dewalt brand... Read More
UPDATED: Retailers Face Close Down PM, QBE Tipped To Cut Insurance Risk
Despite pleas to both Federal and State Governments consumer electronics and appliance retail stores face being shut down from Monday of next... Read More
Coles Asks Customers To Pack Their Own Bags To Minimise Contact, Among Other Measures
Coles has announced new social distancing measures at the checkout to keep their staff and customers safe as the COVID-19 crisis in... Read More
JB Hi Fi Closes Stores As Premier Sack 9,000 No Rent To Be Paid
JB Hi-Fi has temporarily closed its New Zealand business while retail Group Premier Investments has moved to sack 9,000 people. The JB... Read More
Super Retail Group Cancels Dividend Despite Positive Sales Momentum
The statement published on the ASX this morning read: “In the present environment the Board believes that preserving cash is the most... Read More
COVID-19: New Coles Community Shopping Hour For Healthcare Workers
From tomorrow (Thursday 26th March) Coles will be dedicating its Community Hours on Tuesdays and Thursdays to emergency services and healthcare workers.... Read More
Australian Consumer Confidence Hits 30-Year Low
Last week the ANZ-Roy Morgan Consumer Confidence Index fell by 27.8% to hit a 30-year low. The survey was conducted last weekend... Read More
Home Gym Equipment New Target Of COVID-19 Panic Buying
Following the federal government’s indefinite closure of gyms and indoor sporting venues that began at midday yesterday, Australian consumers have begun panic... Read More
COVID-19: Supermarkets Granted Authorisation To Work Together
In response to shortages caused by COVID-19 panic-buying, the ACCC has granted interim authorisation for supermarket operators to work together in order... Read More
Coles: ‘There Are Signs Demand Is Beginning To Slow’
The mad rush of COVID-19 panic buying that has swept Australia may be starting to ease. “After unprecedented busy times, our stores... Read More
What To Do In A Recession – Angus Jones, Former CMO Of LG
Four weeks ago the Australian share market hit an all-time high, now it is about 30% less. A month later the world... Read More
Australian Retailers Association Calls On Gov For Rescue Package
In an open letter to the federal government the Australian Retailers Association (ARA) and the Shop, Distributive and Allied Employees’ Association (SDA)... Read More
The Reject Shop’s Sales Up 36% In The Past Week
From the 16th to the 22nd of March 2020 sales at The Reject Shop’s 354 stores were up 36.1% year-on-year. This steep... Read More
JB HI-FI’s Sales Continue To Boom In The COVID-19 Crisis
Total sales at Australia’s 204 JB HI-FI stores grew by 9.9% for the sales period from 1st of January to 22nd of... Read More