Tag: retail
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Amazon set to hit Australian shores at the end of 2018
Amazon is due to hit Australia, but not anytime soon. The Seattle-based online retailer is expected to launch in Australia by the end of 2018. Although it will take some time to arrive, the one-stop online shop for consumers has grander ambitions in Australia than previously expected. Brittain Ladd, Amazon’s former global logistics manager, has revealed that…
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Premier Investments confirms stake in Myer
Premier Investments has been announced as the largest stakeholder for the retail giant Myer. In a statement to the ASX, Premier Investments confirmed that it has bought a 10% stake in the retailer, after much speculation over who had bought the shares. “Premier Investments Limited has made a strategic investment of 10.77% in Myer Holdings…
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Australian retail sales see dramatic fall in December
Australia’s retail sales report for December has missed expectations, coming in flat against expectations for an increase of 0.5%. It was the smallest monthly increase since July 2015 where sales decreased by 0.1%. Over the year sales grew by 4.19% to $24.759 billion, a slight deceleration on the 4.3% pace seen in the 12 months…