WESTFIELD RECORDS 43RD PROFIT IN A ROW AND WALMART SHINES
With a bottom line profit of over $288 million, Westfield Holdings
has registered its 43rd consecutive profit – and Frank Lowy is
predicting that 2003-2004 will be yet another year of profitable
performance.
has registered its 43rd consecutive profit – and Frank Lowy is
predicting that 2003-2004 will be yet another year of profitable
performance.
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DAVID JONES IN DRIVE TO BOOST SALES AND MARGINS
David Jones, one of the country’s largest department stores
chains, has embarked on a bold move to increase sales, fatten margins
and reduce costs.
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STEVEN LOWY HIGHLIGHTS RISE IN SPECIALTY RETAILER SALES
Steven Lowy, the managing director of Westfield Trust, recently
delivered a market briefing in which he highlighted the fact that
sales had surged at specialty retailers – they experienced a 64
per cent rise in the past year.
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ALDI IMPACTING ON WOOLIES AND COLES
Aldi, the German chain of stores, is making its presence felt in
the Australian market according to a report from Deutsche Bank.
The report says that every time an Aldi store opens near a
Woolworths or Coles supermarket, prices at Woolies and Coles drop by
4.2 per cent on average.
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DECLINE OF DEPARTMENT STORES?
According to Dimasi Strategic Research, department store numbers
could halve in the next 10 years – the result of the growing
impact of supermarket sales in the past 10 years.
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SOME FAST FACTS ON FRANCHISING
There are some 747 franchise systems in Australia with over 49,400
outlets and they employ over 651,900 people.
More... |
NZ RETAIL SALES GROW
New Zealand's retail sales volumes grew faster-than-expected in
the third quarter, which has raised expectations of higher interest
rates before Christmas.
More... |
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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