All Australia articles – Page 9
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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after a takeover offer was apparently made by an unheard of British private equity firm.The offer was subsequently withdrawn and Australian regulators were probing the issue.The would-be buyer, EB Private Equity, was not listed ...
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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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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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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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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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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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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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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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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 ...