Country Road has joined the long list of retailers reporting a contraction in their sales where it saw its Australasian sales fall 2.6 per cent.
The Jun/Aug issue of RetailBiz magazine is out now, brimming with retail news and features, interviews and product launch information.
Specialty Fashion Group has managed to strengthen both its store portfolio and online presence, which has helped increase the company's revenue for the six month period to 30 June 2012 to $265 million.
David Jones' total sales continue to fall with third quarter reports decline 2.9 per cent compared to the same period last year from $411.7 million to $399.8 million.
Low foot traffic and a drop in sales in April, which has carried on into May, have forced Myer to re-evaluate its net profit after tax forecast for 2012 financial year.
Thorn Group recorded a 26.4 per cent increase in net profit after tax to $27.8 million and an increase of 34 per cent in cash net profit after tax to $29 million.
As its update for the three months to 31 March 2012, Westfield reported that comparable specialty retail sales for the 12 months were up 1.2 per cent and up 1.1 per cent for the quarter.
With financial results set to be announced, early indicators show that sales have increased around 2-3 per cent, with some stores performing well above that level.
Online marketplace Etsy.com has raised $40 million in new funding from Index Ventures that will accelerate its international expansion.
Harvey Norman has announced a profit decline of 24.8 per cent for the nine months to 31 March 2012 compared to the previous corresponding period.