Retail & Trends

Guy Russo Promoted to Manage Kmart & Target

In what is a really interesting twist to news today, Wesfarmers have confirmed the promotion of Guy Russo to manage both Kmart and Target. Stuart Machin (current MD Target) will now report into Guy as they create the role as Chief Executive of Department Stores. Article from the Australian Financial review: Wesfarmers is shaking up the management of ...

Woolworths to Sell or Close Masters & Wesfarmers adds UK Homebase to its Portfolio

Woolworths has finally made the decision to offload its poor performing brand, Masters Home Improvements, after sales continue to fall. In what was an attempt to rival Wesfarmers brand, Bunnings, the Maters business failed to take off, and Woolworths has been struggling to sustain ongoing losses. On another note, it's rival Wesfarmers has confirmed expansion of ...

Dick Smith Electronics Enters Voluntary Administration

The troubled electrical retailer was placed into voluntary administration by its board. Trade on DSE shares were halted yesterday morning pending an announcement on its funding position and debt financing. Recent article from Inside Retail Australia:   Dick Smith’s share price plunged at the end of 2015 after it scrapped its profit guidance following disappointing sales in October and November. The ...

Kmart to Buy up Big W Underperforming Stores

How can a strong performing business continue it's growth across the country? According to Guy Russo, CEO Kmart, you buy up at least 50 stores from its poor performing rival Big W! In a recent article from Sydney Morning Herald, there is no secret behind what the future plans are for a well performing Kmart business... "Kmart ...

Founder of Williams-Sonoma dies at 100

The founder of the luxury cookware retailer, Williams-Sonoma, Chuck Williams, died on Saturday in San Francisco, aged 100. Williams Sonoma Inc has become a global, public listed, force including brands such as Pottery Barn, Pottery Barn Kids, and West Elm, that entered the Australian market almost 4 years ago. “The Williams-Sonoma family has lost a dear friend, ...

Gaultier to collaborate with Target

Target has confirmed another incredible collaboration with no other than Jean Paul Gaultier himself! After other international partnerships including Missoni and Stella McCartney, this is another win to put into Target's growing stable of world known designers. Latest article from Ragtrader: "Target Australia has revealed Jean Paul Gaultier as its next designer collaborator. The iconic international designer will create ...

The Continued Influx of International Retailers into Australia

Australia is attractive, and from high end luxury, to mainstream, to homewares, and to big box retailers, the influx of international retailers into the country looks like it will continue. Article from Sydney Morning Herald: The march of the international retailers into Australia has been a characteristic of the sector for a while, but that's nothing to what ...

H&M’s Quiet sister, Cos, opens in Sydney

If you are in Melbourne or Sydney, definitely head to H&M's quieter sister store, Cos. Just opened in Martin Place in Sydney's CBD, this is another retail destination to add to your list. Recent article posted in Inside Retail Australia: With little fanfare, Swedish retailer, Cos, quietly opened the doors to its second Australian store at 5 Martin ...

Apple Retail Opening in Singapore

It was going to come along eventually and the news has finally gone live that Apple are to open their first store in Singapore! Inside Retail Australia released this article recently: Apple will open its first retail store in Singapore, which will also be Southeast Asia’s first to be powered solely by solar energy. Solar energy developer, Sunseap Group ...