Interesting piece in today’s Age Online by Malcolm Maiden showing that the Australian dollar has dropped to $1.01 vs the USD, and is on track towards parity – nearly a 7% drop since the start of March. While this is bad news for customers shopping online, it’s good news for exporters, and it’s really good… Continue reading Australian dollar heading for Parity – welcome news for local retailers!
Author: dennis
News in Brief
In a busy day for retail news, here are some of the stories making the headlines: Metcash slashes 478 jobs: http://finance.ninemsn.com.au/newsbusiness/aap/8445783/grocery-business-metcash-to-cut-478-jobs Federal Court finds Google guilty of deception: http://www.insideretailing.com.au/IR/IRnews/Google-guilty-of-deception-4603.aspx Zimmermann takes New York, opens latest retail outpost in SoHo: http://grazia.ninemsn.com.au/blog.aspx?blogentryid=998114&showcomments=true Dollar slightly higher: http://www.insideretailing.com.au/IR/IRNews/Dollar-slightly-higher-4595.aspx RBA leaves interest rates steady: http://www.theage.com.au/business/rba-leaves-interest-rates-steady-20120403-1wa4n.html Opposition says no to Boxing… Continue reading News in Brief
Just sews up an online strategy
In the midst of a spate of horrendous results for retailers, Mark McInnes appears to be crafting and delivering an effective growth strategy for Just Group – in both it’s online presence and physical store network, as reported by Stephen Bartholomeusz. While other notable retailers are floundering in this area – Harvey Norman recently announced… Continue reading Just sews up an online strategy
Discounts drive online business models
Discounting has become the dominant factor in driving online business in Australia, as reported by Chris Zappone. Research by technology analysis group Telsyte has confirmed the cost crunch faced by Australian retailers struggling with the worst retail sales figures in decades. Telsyte identified five new online business models based on this trend, including: group buying… Continue reading Discounts drive online business models
Featured Article: Analysis of CBA Online Shopping Report 2011
Miranda Kerr at David Jones yesterday. Photo: Danielle Smith Shoppers opt for clicks over bricks The following article is highlighted as it gives a very clear indication of the state of Australian Online Retail, as of mid 2011, drawn from the Commonwealth Bank’s analysis of it’s internal credit and debit card data. It shows that… Continue reading Featured Article: Analysis of CBA Online Shopping Report 2011
The Orabrush story: How a Utah man used YouTube to build a multi-million dollar business
We often hear platitudes about the value of new media tools like Social Media – Facebook, Twitter etc, and other online community applications in building our businesses, but concrete, verifiable case studies aren’t that easy to actually come by. Especially with lessons we can actually relate back to ourselves. So, it’s great to see this… Continue reading The Orabrush story: How a Utah man used YouTube to build a multi-million dollar business
Brown Sugar joins growing list of retail chains forced into administration
Brown Sugar, the womenswear group, is the latest retailer to hit the wall this year because of changing trading conditions that have rocked the retail sector and pushed brands including Colorado, Borders and Bettina Liano into administration. The 40-strong chain, established in 1975, is to continue trading under Sal Algeri of Deloitte Touche Tohmatsu, who… Continue reading Brown Sugar joins growing list of retail chains forced into administration
Australian retail rents the highest in the world: Report
We often hear that Australian retailers do it tough – suffering from a combination of the highest rents in the world, the highest labour costs, and the highest cost of wholesale goods. We’ll explore labour and wholesale costs another time, but today we have confirmation that our rents are indeed amongst the highest in the… Continue reading Australian retail rents the highest in the world: Report