David Jones has used its yearly results release to update the market on its Future Strategic Direction Plan. To meet the challenges of modern retail, DJs is focusing on omnichannel sales, increased staff and new store formats to entice customers.
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Specsavers: How it came to be
It has been nearly six years since Specsavers first launched itself into the market as it saw the opportunity to fill gaps that existed in the “cottage” retail optics market.
Billabong posts $859.5m loss but remains optimistic
Billabong has a long road ahead of them as it plans to turn the company around after reporting a massive net loss of $859.5 million for the 2013 financial year.
Wesfarmers sells property to help pay for new Bunnings stores
Wesfarmers is looking to free up cash to pay for new Bunnings store openings with the company today announcing plans for the sale and leaseback of 10 Bunnings Warehouse stores to an Australian property investment trust.
Woolworths announces departure of 22 years of board experience
Woolworths has announced the retirement of non-executive director Sir Roderick Deane and John Astbury, effective 31 August 2013.
Gerry Harvey purchases Cairns Harvey Norman property for $16M
Gerry Harvey has purchased the shopping centre housing its Cairns Harvey Norman franchisees, at the old brewery site on Spence Street in the CBD.
Traditional corner stores disappearing
While retailers in general are suffering, it’s the traditional corner store that is fighting a losing battle, according to BIS Foodservice’s Route Trade Market 2012 report series.
Federation Centre, ISPT enter co-ownership deal
Federation Centres has signed a $371.4 million co-ownership deal with ISPT.
Christmas shopping in full force
As Christmas fast approaches, Australians will lift their interest in shopping.