All Australia articles – Page 8

  • News

    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 ...

  • News

    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 ...

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

    Retailers 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.

  • News

    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, ...

  • News

    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.

  • News

    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%.

  • News

    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 ...

  • News

    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 ...

  • 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 ...

  • News

    Woolworths to reduce number of self-checkouts


    Woolworths plans to reduce the number of self-checkouts in city stores, 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 ...

  • is to expand into Asia starting with a business in Singapore

    My-Wardrobe set to enter Asia

    2012-05-17T09:38:00Z is to expand into Asia starting with a business in Singapore.

  • 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 ...

  • Westfield Stratford has notched up almost £500m of sales since opening last September

    Westfield Stratford approaches £500m of sales


    Westfield Stratford City has notched up almost £500m of sales since opening last September.

  • News

    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 ...

  • 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), ...

  • 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 ...

  • 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 ...

  • News

    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, according to Australia’s Professional eBay and ecommerce Sellers Alliance (PeSA). PeSA Australia president Shaun O’Brien said ...

  • 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 ...

  • Martin Newman

    Australian 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.