Latest industry news from around the web . . .
Shopping centres cut rents in bid t...
Feeling the heat: Shopping centre owners can expect little growth in rents. Photo: Angela Wylie The pressure on specialty retailers from the internet, higher savings by households and a basic loss ... read more
Billabong shares suspended indefini...
Billabong has requested a suspension from official quotation. Photo: Reuters Billabong has requested a voluntary suspension of trading in its securities. This comes after it requested a trading halt on Tuesday, ... read more
Fab.com Opens Its First Retail Stor...
Online retail giant Fab.com, which offers flash sales of designer products, has announced plans to open a physical store. The shop won’t be in New York, where Fab is based, ... read more
Chinese manufacturing slows in Apri...
By a staff reporter, with AAP Manufacturing activity in China slowed more than expected in April, official data shows, in a sign of further weakness in the world's second-biggest economy. The official ... read more
Australian retailers fighting for m...
ELI GREENBLAT Once ignored in favour of glitzy offshore websites with their steep discounts, Australia’s traditional bricks-and-mortar retailers are staging a fightback for the hearts, minds and wallets of local consumers ... read more
Hats off as Pavoni departs troubled...
Closing his Sydney Westfield venture ... Chef Alessandro Pavoni. Photo: Adam Weaver Two hatted chefs gone, one left. That’s the depressing form guide at Westfield Sydney, where twin-toqued Italian chef Alessandro ... read more
Rates call could go either way, say...
ANZ job advertisements surveyed ... a decline for the second consecutive month. Photo: ANZ Why the RBA will cut rates - Why the RBA won't cut Job ads continue to slide, says ... read more
JB Hi-Fi turns up volume on earning...
JB Hi-Fi shares jumped around 10 per cent this morning after the retailer announced a profit upgrade on the back of a significant turnaround in sales this calendar year. The electronics ... read more
Costco tips out Dan Murphy’s ...
US discount supermarket Costco has blitzed the traditional Australian retailers with a price of $649.99 for a bottle of the 'perfect' 2008 Grange, the lowest price for a bricks and ... read more
Myer predicts hit from rise to heal...
Warning: Bernie Brookes. Photo: Matthew Piper Myer has warned the proposed increase to the Medicare levy will hurt sales at its stores, since it will affect its direct customer base. The federal ... read more
Marian Town Centre
Developers of the fully approved and long awaited Marian Town Centre, located 25 kilometres west of the Mackay CBD, are finalising a building contract with Mainbrace Constructions and say they ... read more
Retail rally tipped to flow on to l...
The ripple of spending is expected to drive growth in off-premise liquor outlets back to healthy levels. Photo: Pat Scala Australians are starting to spend big again, with the sales of ... read more
$50m hit puts De Bortoli into the r...
Wine tax is being rorted, says Darren De Bortoli. Photo: Edwina Pickles De Bortoli wines, one of Australia's largest family-owned wine groups, has slumped to a $24.7 million full-year loss after ... read more
Target boss in surprise exit
Wesfarmers boss Richard Goyder believes Target retail chain should remain as a stand alone division within the Perth-based conglomerate, brushing aside suggestions the struggling business should merge with Kmart. Target lost ... read more
Billabong perilously close to a wip...
In 25 years, the company has lost most of its street cred and its value has shrunk from billions to whatever is on offer, writes Elizabeth Knight. Twenty-five years ago, Billabong ... read more
CEO OUTLOOK FOR 2013
CEO Outlook There’s a lot of optimism for the year ahead. The word ‘challenging’ appears many times in the CEO Outlooks but so does the word ‘optimistic’. There’s never an, ‘across ... read more
Big Guns 2013
Shopping Centre News’ Big Guns Lunch, now billed as the Number 1 Event for the Australian Shopping Centre Industry, attracted most of the major CEOs along with a show of ... read more
Postage costs soar by 30% as online...
Higher costs: The price of prepaid packages have risen. Photo: Glenn Hunt The prices of prepaid Australia Post packages have been raised by up to 30 per cent to take advantage ... read more
H&M joins growing list of big-...
Swedish fashion company H&M will finally arrive on Australian shores next year. On Thursday night Australian time the chain wrote on its Facebook and Twitter profiles: ''We are happy to announce ... read more
Consumers lapping up $1 a litre mil...
Dairy popular ... Consumer are buying cheap milk in greater volumes. Photo: Rob Homer The full story on Australia's milk wars will appear in tomorrow's Age and Sydney Morning Herald Australia's big ... read more
