Westfield boosts profit by 38%
Westfield Holdings Ltd made a profit after tax of $A234.2 million
for the year to June 30, up 38.5% on last year’s result of
$A169.1 million.
This result exceeds the profit of $A230 million foreshadowed in
March this year.
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Coca-Cola streamlines supply chain
The Coca-Cola Company, the world’s largest beverage company
and the leading producer of soft drinks, and CocaCola Enterprises
Inc., the world’s largest bottler of Coca-Cola products, have
signed a global agreement to use UCCnet’s item registry and
data synchronisation services.
The agreement enables the CocaCola system to standardise product
information for its entire product line on UCCnet’s Global
Registry and co-ordinate item data with its worldwide retail
partners.
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Dairy Farmers return to tradition
Dairy Farmers has gone back to the traditional values of its OAK
brand flavoured milk to facelift OAK packaging in two states –
and adopted the tag line “Totally Satisfilling” in a new
three state consumer advertising campaign.
In Queensland with OAK Chill and OAK Cruise - and South Australia,
with OAK The Max Iced Coffee and OAK Egg Nog the packaging has
undergone a visual nip and tuck to further highlight the OAK name.
But the big multi-award winning, great tasting flavours remain the
same.
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Amazon snagged by apparel returns
The high rate of returns in online apparel sales could undermine
Amazon.com Inc.’s new relationships with clothing retailers,
warns Gartner Group Inc.’s GartnerG2 Retail Services Group.
“On the surface, this appears an easy deal, with advantages
on both sides,” says a report from Retail Services Group
research director Ms Geri Spieler. “Nonetheless, GartnerG2
feels that Amazon.com may have underestimated the complexity of
resolving returns, which is a major headache for every clothing
retailer.
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Harvey Norman faces ACCC action
The Australian Competition and Consumer Commission(ACCC) has begun
legal proceedings involving three companies, two executives and 15
franchisees of the Harvey Norman Group.
The executives are John Slack-Smith and Paul D’Ambra.
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Coles burned up about fuel feud
Aggressive use of petrol promotions by Woolworths has been blamed
by Coles Myer for lower-than-predicted sales growth at Coles and
Bi-Lo supermarket chains over the past three months.
While the effect on sales of the July cut in shareholder discount
rates was less than expected, the situation was said to have been
“exploited” by Woolworths, by boosting petrol discounts
at its Petrol Plus locations.
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New factory outlet for Sydney’s west
Stockland Retail Projects’ ShopSmart Outlet Centre will open
next Thursday (November 21), as the only factory outlet centre in
Sydney’s Greater West.
The developers aim to give Sydney’s Greater West what inner
city shoppers both in Sydney and overseas have long enjoyed –
factory outlet shopping on a grand scale.
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Focus on penalty clauses
by Stephen Pallavicini*
Trading penalty clauses are not widely considered in many tenancy
decisions, but nonetheless, while many retail leases contain damages
clauses there are questions about whether they can be applied.
The recent New Zealand case of Durran Holdings Ltd v Cone
Enterprises (NZ) Ltd is one of the few cases which considers a
trading penalty clause.
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St George in supermarket venture
St George Bank is to establish a Retail Banking Alliance in a
joint venture with New Zealand’s largest retailer, Foodstuffs.
The Alliance will operate through a joint venture structure
whereby the banking business will be written by a New Zealand
subsidiary of St George, but all costs and benefits will be shared
equally between the Sydney-based bank and Foodstuffs. Less than $10
million is involved in the startup.
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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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