WA PREMIER APPEALS AGAINST $40 MILLION PENALTY
Hamish Roberts, the Premier of Western Australia flew to Canberra
last week (October 23) to ask the Federal Treasurer not to impose a
$40-million penalty for breaching national competition policy.
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RETAILER HITS THE TARGET WITH BUSINESS AWARD
Launa Inman, General Manager Apparel & Accessories of Target
Australia in Victoria, has won the Telstra Business Woman of the Year
Award.
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CONFIDENCE RISING AMONG RETAILERS
A number of retailers are bullish about forecasts and there are
predictions that sales will be strong over the festive season.
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A BUMPER XMAS FOR PC RETAILERS
A strong Australian dollar combined with an expected pickup in PC
sales has retailers predicting a bumper December-January period –
among them Harvey Norman.
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COUNTRY ROAD CHANGES TACK
Country Road is certainly not moping after quitting wholesaling
and after sales via David Jones department stores ceased. The company
is undertaking a number of initiatives designed to make up lost
sales.
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RETAIL CIOS PREDICT INCREASE IN OUTSOURCING
The 2003 Retail CIO Survey, released recently by IBM Business
Consulting Services, reveals that information technology spending for
2002 increased to 2.1 percent (from 1.8 percent) of total retail
industry sales.
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WAL-MART “SNEAKS” INTO JAPAN
Shoppers in a new supermarket west of Tokyo have almost no idea
that the outlet is basically the US retail giant Wal-Mart in
disguise.
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WAL-MART A BENCHMARK FOR US ECONOMONY
Given that Wal-Mart accounts for 9 cents of every U.S. retail
dollar and it cash its cash registers check out 19 million customers
a day, it should come as no surprise that the US Federal Bank uses
the company as an economic indicator.
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LATE FLASH - ARA PLANNING A NEW PAYMENTS FORUM
We’ve just head that Australian Retailers Association (ARA)
is pushing ahead with plans to set-up a new payments organization to
be known as the Australian Payments Forum.
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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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