All Australia articles – Page 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 The offer was subsequently withdrawn and Australian regulators were probing the issue.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 ...

  • My-wardrobe.com is to expand into Asia starting with a business in Singapore
    News

    My-Wardrobe set to enter Asia

    2012-05-17T09:38:00Z

    My-Wardrobe.com is to expand into Asia starting with a business in Singapore.

  • News

    Banana Republic may launch in Australia

    2012-05-17T07:00:00Z

    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
    News

    Westfield Stratford approaches £500m of sales

    2012-05-16T09:38:00Z

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

  • News

    Harvey Norman posts profit warning

    2012-05-10T07:00:00Z

    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

    2012-04-26T07:00:00Z

    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

    2012-04-26T07:00:00Z

    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

    2012-04-18T16:31:00Z

    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

    2012-03-15T07:00:00Z

    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 ...

  • News

    Harvey Norman reviews online trade expectations

    2012-03-08T07:00:00Z

    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
    Opinion

    Australian retailers will bounce back

    2012-03-06T07:00:00Z

    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.

  • News

    Woolworths to accelerate restructure

    2012-02-09T07:00:00Z

    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 ...

  • News

    Harvey Norman launches Irish website offshore

    2012-01-06T07:00:00Z

    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 ...

  • News

    Woolworths outlines strategic priorities

    2011-12-02T07:00:00Z

    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 ...

  • News

    Sales decrease for department store group Myer

    2011-11-18T07:00:00Z

    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 ...

  • News

    Woolworths initiates strategic review of electronics business

    2011-11-11T07:00:00Z

    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.

  • Matthew Stych
    Analysis

    Woolworths marketing overhaul to drive growth

    November 11 2011

    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.