Harvey Norman hands over $55 million for Clive Peeters
Harvey Norman has finalised a deal to buy Clive Peeters stores and wholesale operations across Australia after Clive Peeters called in receivers PPB.
Harvey Norman has finalised a deal to buy Clive Peeters stores and wholesale operations across Australia after Clive Peeters called in receivers PPB.
New figures released by the ABS indicate that the number of Australian retail sales rose again in May, marking the industry’s third consecutive monthly gain.
Confusion among retailers is at an all time high with first phase of the modern award wages for retailers starting yesterday.
Clive Peeters, the beleaguered whitegoods and electrical retailer has been bought by Harvey Norman Holdings Limited through liquidator PPB for $55 million.
Metcash, owner of IGA supermarkets and Australia’s largest independent grocery and liquor wholesaler, will acquire the Franklins supermarket chain for $215 million.
Importing celebrity fashionista Nicole Richie has proven to be a winning strategy for MidCity as the Pitt St retail hub re-opened after a multi-million dollar refit.
Vodafone Hutchinson Australia (VHA) is finally offering free calls between Vodafone and 3 Mobile customers over a year after announcing the companies would merge to create VHA.
Vodafone and 3 Mobile will begin ‘co-branding’ at the retail level from July 21st after the companies formally tied the not last year to form Vodafone Hutchinson Australia.
It is the corporate version of the tortoise and the hare, but with the backing of its multi-million dollar mother company Australian sports drink icon Staminade plans to regain ground in the race for national sports drink supremacy.
Australian retail sales were flat over the month of May, with retailers half-yearly sales failing to attract shoppers, according to the latest Commonwealth Bank Business Sales Indicator (BSI).