Retailers looking to turnaround sluggish 2013 could do well to read RSM Bird's tips for profit; NAB expects retailers to absorb the hit from the declining exchange rate; Target goes for a small form factor and IGA launches a new brand campaign.
Individuals illegally selling tobacco products will be fined almost $35,000 and business will be hit with $173,000 penalties in drastic new measures by the Victorian Government. Plus: Beaumont Tiles, Target, Workplace trends, online retailing and Brooks B
Wesfarmers reported overall strong retail sales results for the first quarter of the 2014 financial year with good performances delivered by Coles, Bunnings, Officeworks and Kmart.
Target has potentially swiped one of UK's 'leading ladies' in retail from Marks & Spencer.
Oxfam is calling on Target Australia to pay compensation to the families of the victims and those injured from the Bangladesh factory fire in Gazipur that killed 10 people and injured an estimated 50 others on Tuesday 8 October 2013.
Visionary retailers are recognising there are a combination of factors contributing to their woes but they are beginning to see digital technologies as the key to future success rather than the enemy.
Despite several hurdles like a soft economic environment and price deflation in a number of categories, Wesfarmers remained at the top of its game.
Wesfarmers has lifted its net profit by 6.3 per cent for the FY13 due to a strong earnings achieved by its retail portfolio.
Retailers are being urged to sign a Bangladesh Accord on Fire and Building Safety that will assure people who work in Bangladesh factories making clothing garments are working in safe conditions.
Former Retravision Southern chairman Trevor Elsworthy has closed his Geelong electrical retailer after almost 80 years of trading. The closure of Elsworthy's comes at a difficult time for the Geelong area.
Target has announced 260 job cuts in its store support centre and in regional support locations.
Uncertainty for hundreds of jobs at Target remains at large.
Wesfarmers has provided a dismal downgrade to Target's earning for the 2013 financial year.
The Australian Sporting Goods Association is calling on the government to fix Australian laws around trademark protection and parallel importing.
Wesfarmers reported third quarter growth from all of its retail divisions, with Coles and Bunnings being the top performers.
Target MD Dene Rogers is leaving the company and will be replaced by Stuart Machin.
The Disney Princess virtual wall enabled consumers to engage with the Disney Princess experience.
Once again, Coles continues to drive Wesfarmers growth with the company reporting a 9.3 per cent increase in first half earnings.
Wesfarmers has recorded positive sales results for all of its retail businesses in the first half of the financial year.
Surfbrand Piping Hot is celebrating 15 years of having a direct to retail license with Target.
Wesfarmers' acquisition of Coles in 2007 is paying off for the company as it continues to drive growth for the business.
Discount department stores are giving online and premium outlets a run for their money when it comes to customer satisfaction.
Wesfarmers has announced its first quarter results for the 2013 financial year.
Choice recently conducted a Shadow Shopper survey for the top ten retailers in Australia to see how their customer service skills stack up against one another.
Target is under fire for allegedly selling fake M•A•C Cosmetics but the retailer said it "just doesn’t know" if the good that were sold in its stores from August 8 – which have now been removed from the shelves – were real or not.
Coles has help driven Wesfarmers to a achieving a full-year net profit after tax of $2.1 billion, up 10.6 per cent from the previous year.
With an aim to identify dominant body shapes of sizes of Australian consumers so it can ensure it is designing the right fitting clothes for its customers, Target has launched a national sizing study using 3D technology.
The retail giant reported a net profit after tax of $1.176 billion for the six months to December and excluding non-trading items it was $1.203 billion.
Large mall-based retail chains may face a difficult future as more consumers turn towards dedicated specialty stores for their shopping, according toMacquarie Equities Research.
Wesfarmers has come out on top for the tenth quarter straight over rival Woolworths boasting Coles delivered a "record-breaking" Christmas.
Chief executive Richard Goyder said the company would continue to remain cautious about the retail environment as the company enters trading for the festive season.
Strong sales continue to be achieved by Coles and Bunnings despite consumer sentiment remaining subdued throughout the 2012 first quarter.
Effectivve 2 November, Dene Rogers will replace Target's MD Launa Inman, who announced her decision to leave the company last month.
Launa Inman has announced her intention to step down as managing director of Target, one of Australia’s biggest retailers and part of the Wesfarmers Group.
The Coles division delivered strong earnings growth of 21.2 per cent for the year, increasing earnings by $204 million to $1,166 million, which saw Wesfarmers achieve NPAT of $1.9 million.
Coles reported a 5.3 per cent growth in food and liquor sales to $6.18 billion for the final quarter of 2010-11, which pushed full year comparable store sales up by 6.3 per cent to $25.02 billion.
Wesfarmer managing director Richard Goyser said the third quarter sales results were generally pleasing, despite that trading conditions were affected by macroeconomic conditions and natural disasters.
The new site is leveraged by multi-channel commerce software vendor Hybris’ B2C commerce platform solution, which allows Target to customise and update the site based on new product developments.
In an environment marked by cautious consumer sentiment, widespread price deflation and unusually wet and cool weather on the east coast of Australia, which negatively affected consumer spending, Wesfarmers has still managed to succeed.
Coles has seen its food and liquor sales for the second quarter rise 6.7 per cent on the previous corresponding period to $7 billion following Wesfarmers' announcement of its second quarter retail sales results.
Telstra T-Hub customers will now have access to catalogues including Target, Snooze and Toys R Us as part of an exclusive deal with retail marketing specialist CC Media.
At the annual meeting, Richard Goyder, Wesfarmers managing director, said the positive result is underlined by Coles food and liquor comparable store sales growth of 6.2 per cent.
Coles has beaten its supermarket rivalry Woolworths with a 6.2 per cent growth in food and liquor sales of $6 billion in the first quarter.
David Jones surpassed Myer by a small margin with 32 per cent of respondents stating that Myer was the most trusted department store brand while DJs came out on top with 36 per cent.
Wesfarmers has announced its retail sales results for the fourth quarter and 2010 financial year.
Retail Adventures has appointed David Young as its new chief executive officer.
Wesfarmers has announced its retail sales for Q3 of the 2010 financial year. The Coles division reported solid sales growth in the period, while Kmart and Target showed mixed results and lower margins than in the previous corresponding period.
Wesfarmers has appointed commercial lawyer Paul Meadows as group general counsel. He will oversee all of Wesfarmers' legal matters and will serve as a member of the group's executive committee and leadership group.
Launa Inman, managing director of Target Australia, is cautiously optimistic about the year ahead, despite the potential for less discretionary spend driven by increased mortgage interest rates.
Despite economic talk turning towards recovery, IBISWorld predicts rising interest rates and the absence of cash hand-outs will see consumers saving more than spending this Christmas.
Wesfarmers Limited has announced a net profit after tax of $1.535 billion for the 2008/09 financial year, an increase of 44 per cent on the $1.063 billion reported for the previous year.
It has been announced that approximately 2000 world travel adaptors distributed in Target stores are being recalled due to potential safety concerns, including electric shock, death or property damage.
Despite an uncertain global environment, Wesfarmers says Coles sales are on track with total food and liquor sales up 7.6 per cent to $5.3 billion for the quarter to March.