Infiniti Retail Ltd, a wholly-owned subsidiary of Tata Sons, plans to expand its presence with about 100 stores across the country by 2010 to cash in on the growing demand for electronic and consumer durable products, a top company official said here Wednesday. ‘We plan to add 30-35 stores a year to have about 100 […] ↓ Read the rest of this entry…
Seeking acquisitions and collaborations in Australia, IT giant Tata Consultancy Services (TCS) has signed a memorandum of understanding with TAFE, New South Wales to run some of the technical college’s courses in India. S Ramadorai, global CEO and managing director of TCS, said the company would promote the TAFE courses in the country and also […] ↓ Read the rest of this entry…
The market domination of supermarket giants Woolworths and Coles means consumers faced higher prices, the chairman of the National Association of Retail Grocers of Australia says. John Cummings, who is also a part-owner of three independent Perth supermarkets in Perth, said grocery suppliers were also “being done over on a daily basis” due to a […] ↓ Read the rest of this entry…
The competition regulator has confirmed it will oppose the acquisition by Woolworths of a suburban supermarket outside Canberra, acting against the strategy of ”creeping acquisitions” by major retailers and leaving an opening for an independent operator. Details of the proposed acquisition by Woolies of the Karabar supermarket in Queanbeyan were aired during hearings held by […] ↓ Read the rest of this entry…
Woolworths says it is the first national grocery retailer to introduce comparative unit pricing, allowing customers to judge which products are best value for money. Woolworths supermarkets general manager James Aylen said the company had conducted successful trials in each state and territory and today launched a rollout across all 780 Woolworths and Safeway stores. […] ↓ Read the rest of this entry…
Australia: The draft unit pricing code was finally launched this week, with major retailers committing to completion of the roll-out by the end of this year. “Our members including Coles, Woolworths and Franklins have taken the initiative and all plan to have completed a full roll-out of unit pricing before the year’s end,” said Margy […] ↓ Read the rest of this entry…
Spanish fashion giant Zara has opened its first standalone Zara Kids shop in the UK as it seeks to grab a larger slice of the £4bn childrenswear market.
Marks & Spencer will take advantage of the demise of Woolworths by launching a pick ‘n’ mix sweets range in 100 shops from September.
As Australian online shopping – expected to be worth $21.3 billion this financial year and $30.8 billion by 2015-16 – continues to threaten bricks-and-mortar businesses, retailers are using the latest technology, combined with social media, including more shopping apps, to lure customers back into their stores.
SA’s clothing retail industry is estimated to be worth more than R50bn/year in turnover. Much of the sector’s growth has been achieved over the past two decades.
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