retail - News, Features, and Slideshows

News

• Retail turnover falls 0.6% in May

  Turnover for the Australian retail sector declined by a seasonally adjusted 0.6% to $20.61b in May, according to ABS stats, as weak consumer confidence bit into sales

• Cotton On does e-commerce with Aussie open source apps

  Fashion retailer Cotton On has launched into global e-commerce with a rapid two-month project which leverages local open source apps developed with the Django framework, with point of sale and supply chain integration thrown in for good measure.

• Thredbo e-store snowed under

  Thredbo Resort’s e-commerce site got more than it bargained on the eve of the official opening to the ski season, as customer demand drove its web servers to breaking point.

• Fisher & Paykel shares climb on swing to profit

  Shares in major appliance manufacturer Fisher & Paykel Appliances (ASX:FPA) grew over 9% on Friday as the company revealed it had swung to an NZ$33.5m full-year profit

• ThinkSmart wins financing deal with Leading Edge

  ThinkSmart (ASX:TSM) has secured a five-year deal to provide its IT equipment financing to retail buying group the Leading Edge

• Myer Q3 sales fall 2%

  Myer Holdings (ASX:MYR) has blamed natural disasters, cautious consumer spending and price deflation in the electrical category for a 2% decline in sales for the third quarter

• Harvey Norman sales hit by tight computer market

  Harvey Norman (ASX:HVN) said its Aus like-for-like sales fell in local currency over the first nine months of FY11, due to lower spending on computer products

• iPad 2 supplies creep closer to demand

  Apple's supply of the iPad 2 edged closer to demand today as the company's online store showed a two-to-three week shipping delay.

• eBay resellers score huge profits on iPad 2 sales

  Resellers are making hundreds by listing Apple's iPad 2 on eBay, where the selling prices have averaged as high as 53 per cent above retail, the auction giant said today.

• For eBay, GSI buy could help with Amazon battle

  After becoming something of a second-class player in the online world, eBay Inc. is looking to get back into the game.

• JB Hi-Fi shares spike on buyback plan

  Shares in JB Hi-Fi (ASX:JBH) grew 7.5% on Tuesday after the retail chain announced a share buyback, despite the impact it and a restructure plan have had on its FY11 guidance

• Myer posts 5.2% profit slide, warns of more to come

  Shares in department store operator Myer (ASX:MYR) grew 3% on Thursday, even while the company warned it expects profit to decline in the second half

• Adidas previews interactive shopping wall

  Adidas will begin deploying a futuristic digital shopping wall at select stores from next year. The Adiverse virtual footwear wall offers access to all Adidas products and can watch shoppers while they watch it.

• Wireless tech saves energy - and makes better mousetrap

  Tucked in a dark corner of the Cebit trade show, in Hall 2, lies a mousetrap. Not just any old mousetrap, but a wireless-enabled one.

• What retailers can teach you about green IT

  A recent analysis by Retail Systems Research (RSR) sheds some light on how sustainability fits into corporate strategy at top-performing companies.