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Woolworths

Retail going backwards but news not all bad as penny drops

WHEN Woolworths boss Michael Luscombe warned last week that 2012 would be the retail sector's most challenging year, he wasn't kidding. While the sharemarket has factored in profit downgrades for retailers in 2011, deep sales discounting in July of...

Money’s on Coles to outpace Woolies

WESFARMERS' supermarket chain Coles is expected to again outpace arch-rival Woolworths in terms of sales growth for the fourth quarter, after Woolies boss Michael Luscombe warned of tough conditions in the retail sector. Woolworths this week reported a 4...

Woolworths poised for steady handover

Michael Luscombe would be reasonably satisfied with Woolworths' performance, in the circumstances, as he prepares to hand over responsibility for the retailer to Grant O’Brien.In difficult conditions, particularly for the group’s general merchandise brands, the 4.1 per cent increase...

Massmart eyes online retail

Massmart, which has just merged with US retail giant Walmart, is slowly gearing up to enter the burgeoning market of online retailing.Massmart stores include Game, Makro, Dion Wired, Builder's Warehouse and Builder's Express.The group's CEO, Grant Pattison, said that...

Westside gets into gourmet retailing

Tata’s department store chain Westside is venturing into a new territory. The 13-year old chain, known for its private labels in fashion, has added a gourmet and chocolate section in its flagship store in Mumbai.Though hypermarkets run by Tata’s...

Oracle World Retail Awards 2010

Amazon bagged the 'Retailer of the Year' award at Oracle World Retail Awards 2010. The awards were presented on the concluding day of the World Retail Congress, which was held from October 25-27, 2010 in Berlin. The Congress, organised...

Croma reaches 50-store mark

Infiniti Retail, a 100 per cent subsidiary of Tata Sons, has launched two more Croma stores – at Koramangala and Jaya Nagar in Bangalore – taking its store count to 50. Launched on June 25, the new stores, with...

Bharti Retail appoints Levermore as COO

Bharti Retail, a fully-owned subsidiary of Bharti Enterprises, has appointed Andrew Levermore as its chief operating officer. Levermore will join Bharti Retail in July 2010 and lead the operations for Easyday and Easyday Market stores across India.Levermore has over...

Oracle to join World Retail Congress 2010

Oracle announced that it is participating in the fourth annual World Retail Congress, being held in Berlin, April 21-23. Oracle is going to address retail industry leaders on the changing customer landscape and emerging markets growth potential and promote...

Best Buy could do worse than buy into Australia

Recent rumours linking the world's largest consumer electronics retailer Best Buy with the potential acquisition of Australian retailer The Good Guys have been met with amazement in many quarters. Why would a retailer that is in the process of...
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