All Australia articles – Page 7

  • News

    Department store operator Myer reports solid first-half

    2013-03-21T07:00:00Z

    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 ...

  • News

    Mothercare Australia launches deep discounts in a bid to avoid closure

    2013-03-14T07:00:00Z

    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 ...

  • News

    Discount store Aldi Süd to open numerous Australian stores

    2013-02-21T07:00:00Z

    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 ...

  • Woolworths claims it is closing the gap with Coles in its latest set of results
    Analysis

    International anaylsis: Woolworths and Coles’ strategies go head to head

    2013-02-08T07:00:00Z

    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.

  • Coles general manager Dimitrios Bairaktaris called for grocers to study store cupboards
    News

    NRF: Coles calls for grocers to study store cupboards

    2013-01-16T10:47:00Z

    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.

  • Online shop
    News

    UK shoppers are biggest online spenders, OfCom reveals

    2012-12-13T14:23:00Z

    UK shoppers spend more money online than any other “major” country, a report by OfCom has revealed.

  • News

    Coles Group reports net sales increase

    2012-11-01T07:00:00Z

    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 ...

  • News

    Woolworths sells its Dick Smith electronics chain

    2012-10-04T07:00:00Z

    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 ...

  • News

    Andrew Reitzer to retire from Metcash

    2012-10-04T07:00:00Z

    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 ...

  • News

    Aldi Süd plans store network increase

    2012-09-13T07:00:00Z

    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 ...

  • News

    Harvey Norman reports net profit decrease

    2012-09-06T07:00:00Z

    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 ...

  • News

    Hollister to open first Australian store in 2013

    2012-08-30T07:00:00Z

    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 ...

  • China is one of the main destinations UK retailers are targetting for new ventures
    News

    Retailers set sights overseas for sales boost

    2012-08-28T09:30:00Z

    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.

  • News

    Abercrombie & Fitch to open Australian Hollister store

    2012-08-23T07:00:00Z

    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, ...

  • News

    Woolworths launches drive-through supermarket

    2012-08-16T07:00:00Z

    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.

  • News

    Coles releases full-year results

    2012-08-02T07:00:00Z

    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%.

  • News

    Grocer Woolworths reveals full-year sales growth

    2012-07-26T07:00:00Z

    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 ...

  • News

    David Jones offer withdrawal probed

    2012-07-05T07:00:00Z

    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 ...

  • News

    Metcash to step up its game in hardware sector

    2012-06-28T09:29:00Z

    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 ...

  • News

    Woolworths to reduce number of self-checkouts

    2012-06-21T07:00:00Z

    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 ...