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Retailing Sector News

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Retailing to get even tougher in 2009

The tough times suffered by retailers this year will only get worse in 2009.

Bulky goods sector not immune

BULKY goods retailing has not escaped the wrath of weakening consumer spending with many of the leading operators, such as Harvey Norman, conceding the months ahead will be tough.

Retail king slams 'no-hoper' charity

Retailing billionaire Gerry Harvey laments that Australian charity is being wasted on "no-hopers".

End mulesing alternative: US retailers

Several international retailing giants are pressuring Australian wool farmers to dump a new technique promoted as a sheep-friendly alternative to mulesing.

Butlers, stylists, valets: Westfield's $600m mega mall has landed

Westfield's $600 million redevelopment of the Doncaster shopping centre is an island of designer-store opulence amid a sea of economic uncertainty, but the retailing giant has dismissed concerns about falling consumer sentiment.

Warehouse denies it's prone to takeover

Takeover target Warehouse Group says its decision to can a move into food retailing won't leave it vulnerable to other possible bidders.

Harvey Norman feels the pinch

THE retailing magnate Gerry Harvey has sounded a dire warning on the outlook for the industry, predicting a rise in unemployment and a slump in corporate earnings - and that his company will likely suffer a 20 per cent drop in profits.

Govt urged to sack ACCC chair Samuel

The ACCC chairman should be sacked for failing to address the hold Woolworths and Coles have over grocery retailing, a federal MP says.

Big supermarket chains make groceries cheaper: Coles

Coles' and Safeway's stranglehold on grocery retailing is pushing food prices down rather than up, according to the head of the company that owns Coles.

US firm Costco to open Melbourne store

US retail giant Costco will set up its first Australian store in Melbourne's Docklands, cementing the area as a retailing precinct.