Majors expectations tempered

 

IRPIn this week’s Inside Retail PREMIUM, Woolworths and Coles are again in the spotlight, having announced their third quarter sales – we look at the high and low points and what it could mean for the full year.

A homegrown cafe chain is expanding its presence in international markets, as an Australian fashion retailer with a big online following looks to do the same, building some brand recognition in the US and Asia. Meanwhile, the cost of retail business in Australia is under scrutiny.

Victoria is hot when it comes to retail property, with an iconic Melbourne CBD arcade changing hands and one of Federation Centres putting one of its properties up for sale.

In international news, Burberry’s former CEO has taken the retail helm at Apple, Lidl puts its international plans on ice, and a former Woolworths executive has taken the reigns at Walmart Asia.

Jon Bird takes advantage of his new home in New York, this week visiting the latest Warby Parker store to give us the 411.

 

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