All Australia articles – Page 9
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News
Metcash to step up its game in hardware sector
Grocery wholesaler Metcash is stepping up its game in the competitive hardware sector.The business currently holds a 50.1% stake in DIY network Mitre 10 and will purchase the remainder of the chain if the DIY retailer’s financial performance for the year to June 30 meets expectations.The acquisition will set it ...
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Woolworths to reduce number of self-checkouts
Woolworths plans to reduce the number of self-checkouts in city stores, ZDNet.com has reported.The retailer has already installed about 2,000 NCR Selfserv Checkouts throughout its store portfolio but is expected to remove them from inner-city locations. They will be replaced by a single-line queue.Woolworths said the change was “about customer ...
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NewsMy-Wardrobe set to enter Asia
My-Wardrobe.com is to expand into Asia starting with a business in Singapore.
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News
Banana Republic may launch in Australia
Gap-owned fashion retailer Banana Republic may launch in Australia, it has been reported. Local operator Busbrand is in talks for the licence for the brand. “It’s early days but we’re very excited,” says Busbrand chief executive Andrew Bousie.Busbrands operates three Gap stores in Australia and as well as fashion chains ...
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NewsWestfield Stratford approaches £500m of sales
Westfield Stratford City has notched up almost £500m of sales since opening last September.
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Harvey Norman posts profit warning
Harvey Norman posted a profit warning following disappointing results in the first nine months of 2011. Unaudited preliminary accounts for the period indicate profit before tax of Aus$204.8m (£129m), a drop of 24.8% compared with the prior year period.The retailer said its technology categories continue to be affected by a ...
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News
Woolworths’ results slow on deflation
Woolworths’ results slowed on deflation during its third quarter, growing 3.8% to AUS$14.1bn (£9.15bn). The retailers’ supermarket division experienced solid growth of 3.7% to AUS$12.2bn (£7.92bn), while the retailer’s non-food fascias had a mixed result. Consumer electronics fascia Dick Smith reported a 1.7% decline in sales to AUS$269m (£174.6m), although ...
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News
Amazon eyes expansion of global distribution network
Amazon is eyeing expansion of its global distribution network in Asia Pacific and is considering opening a local distribution centre in Australia.It is understood that company executives plan to visit Australia in the coming months to visit prospective sites. Opening a distribution centre in Australia would make sense for Amazon ...
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News
Uniqlo stores to sweep China
Clothing giant Fast Retailing has revealed that its Uniqlo International division plans to accelerate the pace of new store openings in Greater China from 32 stores in 2011 to 80 in 2012. The first Uniqlo shop is scheduled to launch in the Philippines in June this year and the retailer ...
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Amazon seeks growth in Australia
Amazon is taking steps towards growing in Australia with the creation of a data centre for its Amazon Web Services operation. The etail giant is also “actively assisting” domestic retailers in selling on Amazon.com, according to Australia’s Professional eBay and ecommerce Sellers Alliance (PeSA). PeSA Australia president Shaun O’Brien said ...
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News
Harvey Norman reviews online trade expectations
Electronics retailer Harvey Norman is lowering expectations of its online trade just months after launching its first mainstream consumer ecommerce website.The plan had been to generate 5% of sales online but chief executive Gerry Harvey said the company’s recent internet trading figures had not been impressive.The retailer now believes it ...
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OpinionAustralian retailers will bounce back
Martin Newman has extensive e-commerce experience, having been involved in multichannel retailing for over 25 years. He is the founder and chief executive of Practicology.
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News
Woolworths to accelerate restructure
Woolworths is to accelerate the restructuring of its Dick Smith consumer electronics chain with a view to divesting the business. After conducting a strategic review of the operation the retailer said that electronics is better delivered through the Big W chain and its multichannel offer. Following further restructure, Dick Smith ...
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News
Harvey Norman launches Irish website offshore
Household and electronics goods retailer Harvey Norman has launched an Irish website offshore through which Australian consumers avoid paying the goods and service tax.Harvey Norman chairman Gerry Harvey has expressed his concerns about the rise of international online shopping and its effect on the Australian retail market. He conceded the ...
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Woolworths outlines strategic priorities
Woolworths chief executive Grant O’Brien outlined his strategic priorities at the AGM. He intend to “extend and defend leadership in food and liquor” by establishing a dominant position in fresh food in Australia; to maintain its track record of building new growth businesses; and “to put in place the enablers ...
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News
Sales decrease for department store group Myer
Department store group Myer’s first-quarter sales fell by more than 5.1% on a like-for-like basis in the first quarter ended October 29.The retailer’s sales for the period totalled AUD680m (£437.1m), down 3.5% on the comparable period last year. However, the retailer was pleased with the results as sales during the ...
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News
Woolworths initiates strategic review of electronics business
Woolworths has initiated a strategic review of its Dick Smith consumer electronics business. Woolworths said that the electronics sector has been undergoing challenges, particularly because of tightened consumer spending on discretionary products and because of the effects of the high Australian dollar.
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AnalysisWoolworths marketing overhaul to drive growth
The management of Woolworths in Australia has unveiled a raft of measures designed to drive growth and profitability in the face of a resurgent challenge to its supremacy, particularly in grocery retailing from arch-rival Coles.
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News
Woolworths reports overall sales increase
Woolworths’ overall sales for the first quarter of 2011 were up 4.9% to AUD14.6bn (£9.6bn). Net sales at its supermarket division including fuel grew 5.8% to AUD12.56bn (£8.27bn), bolstered by a 17% rise in revenue from fuel.Its Australian food and liquor sales increased 4.4% compared with the same period last ...
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Aldi's views on new debit fees upheld
Aldi has had its views on new debit fees upheld by the Australian Federal Court, it has been reported. The discounter went to court to stop banks and its rivals Coles and Woolworths from making what it says are misleading comments about the effects that new fees on the Eftpos ...