Industry suppliers to David Jones can feel confident about future sell- through as South African retailer Woolworths, reversed a four-year slide in earnings at the department store. Yesterday, the company reported a 28.8% increase in operating profit to $161 million in the 11 months ended June 30.
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Posted inRetail News
Dick Smith grows but investors not too happy
Dick Smith Holdings has been hammered by the sharemarket with shares falling to a record low of $1.65, before closing down 16.5% at $1.67 yesterday. Analysts have attributed the fall to the company’s decision to stop discounting Apple products, a significant driver of sales over several years and to soft sharemarket conditions.
Posted inRetail News
Myer appoints new chief financial officer as it finalises strategic future plans
Myer has appointed Grant Devonport as its chief financial officer, who will assist with finalising and executing the department store’s new strategy.
Posted inDigital Retailer
Need Wi-Fi for your warehouse? D-Link launches new wireless outdoor access point
A new product release from D-Link is designed to overcome the challenging conditions surrounding establishing a reliable internet connection in outdoor and industrial environments.
Posted inRetail News
Deployment of beacons in retail is full of hype say industry analysts
Beacons have the potential to provide benefits for retailers in the future, however the current uses for them won’t revolutionise retail and is largely hype, say industry analysts.
Posted inRetail News
State-by-state Anzac Day 2015 retail trading hours
Tomorrow (Saturday 25 April) marks 100 years since Australian and New Zealand troops landed at Gallipoli during the First World War.
Posted inRetail News
Jawbone Marketplace begins retailing other suppliers’ products in US
The US arm of Jawbone is experimenting with a new retail strategy, directly marketing and retailing complementary products from other suppliers on the Jawbone Marketplace which launched this week.
Posted inRetail News
Coles fined $10 million for unconscionable conduct towards suppliers after ACCC investigation
A new legal precedent has been established after Coles was hit with a $10 million penalty when the Federal Court found it had acted unconscionably towards some of its suppliers in 2011.
Posted inRetail News
One business, many brands: Dick Smith plans to divide and conquer the market
Despite a large (and growing) store network, there are Dick Smith customers in Australia and New Zealand that shop with the publicly listed company without ever setting a foot inside a physical Dick Smith store, says Neil Merola director of marketing for Dick Smith.
Posted inRetail News
The rise of the ‘Connected Store’ marks exciting era for retail
The tide is turning for bricks and mortar retailers after pure play online retail took a chunk out of their revenue in the early- to mid-2000s. However, the evidence is mounting that doing what’s always been done won’t be enough to fend off competitors.