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.
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Posted inRetail News
Shoppers ‘creeped out’ by facial recognition
As retailers eagerly search for any innovations that are going to increase footfall into stores, UK research reveals that 70% of shoppers would find facial recognition technology that identifies age and gender in order to display product recommendations “creepy”.
Posted inRetail News
Radio Rentals posts 25.1 per cent growth – 48 month contracts the key
Radio Rentals, or Rentlo as the business is known in South Australia, has posted an increase of 25.1 per cent in revenue from $196.8 million to $246.2 million, citing 48 month contracts as the key growth factor.
Posted inRetail News
Details of David Jones’ transformation strategy under new ownership revealed
Increased prominence of private label and house brands, new loyalty and credit card programs, changes to staffing and a renewed focus on Asian customers are all part of David Jones’ new strategy under South African ownership.
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.
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Watch This Space: Apple planning retail redesign to accommodate new wearables
It has been revealed that Apple’s retail stores are being redesigned, possibly to accommodate a different shopping experience that is expected when purchasing Apple’s soon-to-be-released Watch.
Posted inRetail News
Harvey Norman, Appliances Online and The Good Guys among retailers finding a new home at Houzz
Big Australian appliance retailers are capitalising on a new popular platform to connect with consumers while others are missing out.
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‘Contrary to Gen Y theory, careers aren’t built overnight’: Four tips for a successful career in retail
These days, the most rewarding part of Craig King’s job as CEO of General Pants Group is identifying and working with talented young people. King is an advocate for helping young retailers progress through their careers, however, he believes contrary to popular Gen Y theory, careers aren’t built over night, but are a product of many small steps over time.
Posted inRetail News
Christmas cool? Easter OK? Competition review recommends scrapping restrictions to retail trading hours
A draft report into Australia’s competition policy recommends that remaining restrictions on retail trading hours be removed, saying that full deregulation of trading hours is overdue.
Posted inRetail News
“You’ve been Facebooked”: Peter Costello opens up about bricks and mortar retail in an omnichannel world
Former federal treasurer Peter Costello has challenged retailers to innovate in order to withstand competitive challenges in a difficult and rapidly evolving retail environment.