Royal retail opportunities lost

Despite crying poor, Australian retailers have missed out on a valuable opportunity to cash in on a once in a generation event – the birth of a king. Resource-12

In this week’s edition of Inside Retail Digital Weekly, Claire Hibbit takes an exclusive close up look at just how much Australian retailers missed out on and what other retailers around the world did to squeeze sales out of monarchy’s biggest event of the year.

Maybe Australian retailers were all too busy planning to attend the Splendour in the Grass festival this weekend instead… the annual festival in Byron Bay will be home to several high street and cult retailers over the next three days.

It’s gloomy news for retail property agents, with retail vacancies on the rise, while a NZ apparel retailer laments that perhaps it’s chosen the wrong sites for some of its Australian stores.

In other news, an Australian travel retailer is one of the few taking advantage of the boom in Chinese tourists, offering a new service into China, and a Russian accessory chain is looking beyond the sunshine state of Queensland for expansion.

Internationally, a copy cat coffee retailer is stirring up trouble with Starbucks, and Jon Bird looks at how brands can best sum up their brand in six seconds.

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