Tag: "department stores"

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Cheap and cheerful:  Festive shoppers seek bargains as spending is tipped to disappoint

Cheap and cheerful: Festive shoppers seek bargains as spending is tipped to disappoint

According to IBISWorld, Christmas retail spending is set to remain flat this December, growing by only 0.4% on last year’s sales as consumers tighten their belts. Early indications suggest Australians are becoming more frugal this December, which will be reflected in an increased interest in early sales, deep discounting and bargains. In the lead up […]

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Shopping around: Many shopping centres are undergoing renovations

Shopping around: Many shopping centres are undergoing renovations

Over the last couple of years, many major shopping centres have been undergoing huge makeovers and renovations to attract more patrons. As the shopping centre operators industry is currently in the mature phase of its economic life cycle, these redevelopments have aimed to stimulate revenue growth. Revenue for this industry has fluctuated over the past […]

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Rough patch: Pumpkin Patch loses out to cheaper retailers

Rough patch: Pumpkin Patch loses out to cheaper retailers

Pumpkin Patch Limited went into receivership on 26 October, and 27 of its 124 Australian stores will close by 15 November. The children’s clothing retail chain was founded in Auckland, New Zealand, in 1990. However, the bulk of its revenue has come from its Australian operations. Pumpkin Patch had previously expanded into the United Kingdom […]

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Wish list: Retailers set sights on 30% December sales spike

With the Christmas period fast approaching, many Australian retailers and service providers are preparing for their peak earning period. Business information analysts at IBISWorld anticipate sales spikes of between 17% and 90% over the Christmas period. “While this strong seasonal demand and forecast sales spike is set to subsidise weaker trading periods throughout the year, […]