All Australia articles – Page 8
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News
Costco wins approval to construct first unit in Queensland
The retailer plans a 150,000 sq ft store, including a petrol station, at North Lakes, north of Brisbane. Costco Australia managing director Patrick Noone said: “We are looking at two or three more sites already as a follow-on.”The new store could open in early 2014. At present Costco operates three ...
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Target appoints Stuart Machin as managing director
Former Sainsbury’s and Asda director Stuart Machin has been appointed managing director of Australian department store group Target.Machin, who has been stores development and operations director at Australian grocer Coles since 2008, will replace Dene Rogers who has stepped down for personal reasons.Machin played a key part in the turnaround ...
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Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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Mothercare Australia launches deep discounts in a bid to avoid closure
Troubled parent and baby specialist Mothercare Australia has launched a Sale at its branches, offering discounts of up to 40% as it tries to save itself from closure.The retailer, which entered administration in January, will run its Sale “in conjunction with the administrators’ continuing efforts in negotiating a sale of ...
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Discount store Aldi Süd to open numerous Australian stores
German discount store chain Aldi Süd has revealed plans to open up to 110 shops in Australia, 40 to 50 of which will be located in south Australia and 50 to 60 in the west of the country.Aldi said it was committed to the expansion, but that it would take ...
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AnalysisInternational anaylsis: Woolworths and Coles’ strategies go head to head
Australia’s food retail industry is developed and highly concentrated, and Woolworths and Coles combined hold an estimated 60% of the market, making the market share fight intense.
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NewsNRF: Coles calls for grocers to study store cupboards
Grocers should operate their supply chains based on what is in their customer’s pantry in the future, says Coles general manager, merchandise and logistics, Dimitrios Bairaktaris.
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NewsUK shoppers are biggest online spenders, OfCom reveals
UK shoppers spend more money online than any other “major” country, a report by OfCom has revealed.
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Coles Group reports net sales increase
Coles Group has reported that net sales at its Coles division – food and liquor plus convenience outlets – rose 4.2% to Aus$8.44bn (£5.44bn) in the quarter ending September 30.Food and liquor sales were Aus$6.6bn (£ 4.25bn), up 4.9% on the previous corresponding period. Comparable food and liquor store sales ...
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Woolworths sells its Dick Smith electronics chain
Woolworths has sold its Dick Smith electronics chain in Australia and its Indian wholesale venture for a combined AU$55m (£35.4m).Private equity firm Anchorage Capital Partners was the winning bidder, paying an initial AU$20m (£12.9m).Additionally, Woolworths will sell Woolworths Wholesale to Infiniti Retail – part of India’s Tata Group – for ...
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Andrew Reitzer to retire from Metcash
Metcash has revealed that Andrew Reitzer will retire as chief executive next year on June 30. His retirement does not come as a surprise, as he had announced in 2010 that he would step down within three years.Reitzer will stay on as a consultant for Metcash for another three years ...
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Aldi Süd plans store network increase
Aldi Süd wants to devote more investment to the state of Victoria as it ramps up its store network.Managing director for Australia Tom Daunt has called on state governments to follow Victoria’s lead by streamlining planning laws, enabling Aldi and other retailers to gain a bigger footprint and take on ...
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Harvey Norman reports net profit decrease
Consumer electronics specialist Harvey Norman described its year to June 30 as one of its most difficult.The retailer reported a 32% fall in net profit to AUD172.5m (£111.3m) compared with the previous year. The drop was blamed on soft consumer sentiment and discounting.Chief executive Gerry Harvey was more positive about ...
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Hollister to open first Australian store in 2013
Abercrombie & Fitch-owned US fashion brand Hollister will open its first Australian store next year. It comes as several international clothing retailers plan to enter the market, including Uniqlo, H&M, J Crew, Banana Republic and Forever 21.The Hollister brand will launch in a mall to test the market before an ...
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NewsRetailers set sights overseas for sales boost
Two thirds of British retailers expect their overseas sales to increase over the next five years and name Germany as the market most likely to provide growth.
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Abercrombie & Fitch to open Australian Hollister store
Abercrombie & Fitch will open its first Australian Hollister store next year. It comes after a number of international clothing retailers have said they will open stores in the market. Uniqlo will open soon, along with retailers including H&M, J Crew, Banana Republic, Sephora, Victoria’s Secret and Forever 21.Abercrombie & ...
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Woolworths launches drive-through supermarket
Australian retailer Woolworths has launched the nation’s first drive-through supermarket. Customers are able to collect an order placed online without having to leave their car. The free service is being offered at the Warringah Mall in Sydney.
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Coles releases full-year results
Coles released its full-year results for the 12 months ended June 30. Headline food and liquor sales of Aus$26.2bn (£17.51bn) were 4.6% above 2011, while like-for-like sales increased 3.7%.That was a better performance than rival Woolworths, which posted a full-year Australian food and liquor sales increase of 3.8%.
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Grocer Woolworths reveals full-year sales growth
Grocer Woolworths revealed that full-year sales from continuing operations rose 4.8% to A$55.13bn (£36.4bn) in the 12 months to June 24.The continued roll-out of Woolworths’ new 2015 store format, with a focus on value and innovations in fresh food, contributed to the rise.The retailer opened 38 Australian supermarkets during the ...
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David Jones offer withdrawal probed
Mystery and controversy surrounded a potential bid for Australian retailer David Jones. The retailer’s shares rocketed after a takeover offer was apparently made by an unheard of British private equity firm.The offer was subsequently withdrawn and Australian regulators were probing the issue.The would-be buyer, EB Private Equity, was not listed ...