Price comparison site, PricePanda, and Sydney-based, Getprice, will merge to create an online comparison shopping business network across the Asia Pacific. The newly created group will operate as Next Commerce and will operate in nine countries across Asia…
Australian Small Business Minister Bruce Billson has won support for the grocery industry code of conduct from discounter Aldi but is disappointed that wholesaler Metcash has agreed to adopt elements of the code rather than sign up in full. The code, which…
First it was fashion and now it’s homewares for the fashion conscious with the opening of Zara Home at the Highpoint shopping centre in Melbourne. It’s the first homewares store by the Spanish group Inditex – the owner of the Zara label – in Australia but…
Slumping sales and store closures led to a small loss for the Australian arm of international fashion retailer Esprit, as its parent company’s shares come under attack from short sellers. Esprit bills itself as the largest international fashion retailer in…
Zara Australia has turned up the heat on domestic retailers by vowing to maintain prices despite a 17 percent fall in the dollar in the past five months. Zara’s plan to keep Australian prices on hold will limit the ability of domestic suppliers and retailers…
Clothing prices are expected to rise across the board for the first time in five years as suppliers and retailers raise prices after a 17 percent slump in the Australian dollar. Suppliers have warned retailers that prices for fashion clothing, underwear and…
Goubuli, a renowned Chinese restaurant chain known for its steamed stuffed buns, said they sealed a deal with Gloria Jean’s Coffees to operate the Australian brand in China. Tianjin Senyongtai Food and Beverage Co, a subsidiary wholly owned by the Goubuli…
An Australian sushi restaurant chain has opened its first outlet in Hong Kong. And now Wasabi Warriors plans more stores in the city, along with expansion into the Philippines in February and Dubai later in the year. Hong Kong ‘Business Warrior’ Elga Wong…
Finnish homewares specialty retailer Marimekko is to open new flagship stores in Bangkok and Singapore. The move marks a continuation of a concerted push into the Asia-Pacific region. Over the last three years Marimekko has expanded into China, Hong Kong,…
Discount retailer Aldi Australia has vowed to maintain pricing pressure on rivals in the AUD85 billion (USD69.58b) grocery market, after increasing sales by 13 percent in 2014, outpacing food and liquor sales growth at Coles and Woolworths almost three-fold.…
A slow but solid festive season for discretionary retailers in Australia has been followed by a spate of downgrades, making sentiment buoyant but patchy. Analysts say the key festive season was a good one, albeit at the price of margins. Discounting has been…
Australian footwear brand Emu has launched a global transactional website to serve key markets including the UK and Europe, New Zealand, China, Canada, the US and Japan. Lees ook: Guardian Malaysia plans 30 new stores
Soggy November sales figures have increased the scrutiny on Christmas trade for Australia’s struggling retail sector as lagging consumer confidence weighs on spending. Official retail sales released on Friday for November came in softer than expected, inching…
Australia was once Asos’ largest market outside Britain. In 2012, the British online fashion retailer was flying four jumbo jets of clothing to this country each week. But Asos revealed this week international sales, comprising 57 percent of its total sales,…
Online retailing has been belted by Australia’s economic woes, with November’s sales figures recording the slowest monthly and annual growth since the series was first compiled. And some bricks-and-mortar retailers are also doing it tough, with shares in…
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