Shoplifting Costs Retailers Billions
Shop lifting is the largest and fastest growing crime in the
retail industry with one study showing that customer theft is costing
retailers as much as $1.5 billion a year.
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Retailers Achieve Record Profits
Coles Myer, Harvey Norman and Woolworths have reported record
results – while David Jones has booked a $26 million annual
loss. But what is the outlook for retail?
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Retail Networks To Be Streamlined
Automating the supply chain will reduce costs says Gartner
research director Shawn Willet who says that about 70% of retailers
will upgrade or install faster and more reliable networks to
streamline inventories.
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Coles Myer In Technology Revamp
Coles Myer will spend over $300 million in revamping its supply
chain – a move that it says will return $425 million in annual
benefits.
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Shoppers The Winners In Petrol “War”
The news that Metcash will follow in the footsteps of Woolworths
and Coles by rolling out a petrol loyalty scheme will benefit
shoppers more than supermarkets.
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Coffee Retailing Market Growing Rapidly
The coffee retailing market is growing at 10% per annum with
companies such as Starbucks, Gloria Jeans, the Coffee Club and
McDonald (via its McCafe outlets) all slugging it out for a share of
this market.
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Toy Retailers Counting On Christmas
Toy distributors and retailers are hoping for a bumper Christmas
to make up for disappointing sales in the first six months of the
year.
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Lowy Tops The Table
Frank Lowy, chairman of Westfield, has retained his position as
Australia’s highest paid executive – and his sons were
also well rewarded
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Consumers Open Their Wallets
Retail sales in Australia have risen for the 8th month in a row
according to the Australian Bureau of Statistics – but what
were the reasons for the rise?
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PC Will Always Be With Us Says Dell
Michael Dell, chairman of his self-named $40 billion company, just
refused to dance with the notion that the computer will not have a
future in a predicted era of technology convergence.
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Close
This bulletin is edited and compiled by retail commentator John Kingsley-Jones.
John has worked as an Editor, Chief Sub-Editor
and journalist in magazines and newspapers both
in Australia and overseas.
In the past 15 years, he has consulted to a
range of companies and brands such as Unilever,
Mars Confectionery, TipTop, Tooheys, McWilliam's
Wines, Goodyear and BMW.
That's it for this issue of the Retail One-Stop. If you
have any questions or comments please give us a call on 02 9419 8356 or email us
on info@eps.net.au.
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