Fresh faces join the Woolies board
- Supermarket giant, Woolworths, has welcomed two new directors to its board during this “challenging time.”
- Holly Kramer and Siobhan McKenna have been appointed non-executive directors, effective immediately, following the resignation of Jayne Hrdlicka from the board.
- Woolworths announced its plans to appoint former Best & Less CEO, in November 2015. She is currently a non-executive director of Nine Entertainment, Australia Post and AMP.
- McKenna is a non-executive director of Ten Network, Nova Entertainment, the Australian Ballet and a trustee of the MCG Trust.
- “Ms Kramer and Ms McKenna are experienced and accomplished in their areas of business and I am pleased to welcome their appointment to the board,” said Woolworths chairman, Gordon Cairns. “Their expertise will be invaluable to us, particularly in this challenging time.”
- Cairns thanked outgoing director, Jayne Hrdlicka, for her five and a half years service to Woolworths.
Source: Inside Retail
Unilever’s sales on the rise
- Consumer products giant Unilever, whose brands include Ben & Jerry’s ice cream, Lipton and Dove, says sales in 2015 rose 10 per cent compared with the previous year, to 53.3 billion euros ($A84.69 billion).
- Net profit was to 5.3 billion euros, down 5 per cent from 2014 when profit was boosted by one-off items including the sale of Unilever’s North American pasta sauce brands Ragu and Bertolli.
- Paul Polman, CEO, Unilever, says Tuesday’s results show that Unilever has “again grown ahead of our markets” despite a tough year of “slower global economic growth, intensifying geopolitical instability, and high currency and commodity volatility”.
- Polman said Unilever expects “tougher market conditions and high volatility in 2016″.
Source: Inside FMCG
Marks and Spencers rumoured to enter Australia this year
- Rumours abound that British department store Marks and Spencer will be arriving in Australia, with speculation of the move fueled by the search for an Australian ad agency.
- AdNews broke the news last Friday, with a senior agency executive telling the site of the development.
- “As far as I can tell, M&S hasn’t decided on which agency to appoint,” the anonymous source claimed, “and in terms of opening, well, no-one knows the exact date, but it will definitely happen soon.”
- Retail Doctor Group CEO Brian Walker agreed, telling SmartCompany the brand coming to Australia was ‘absolutely… a given.”.
- The move is a big threat to the market dominance of Myer and David Jones, already operating in a crowded duopoly in Australian department stores.
Source: Power Retail
H&M names 10th Aussie store location
- Swedish fast fashion giant, H&M, will open its 10th Australian store at the redeveloped Pacific Fair shopping centre on the Gold Coast in the first half of 2016.
- Last week Uniqlo announced it would also be arriving at Pacific Fair in mid-2016, following the centre’s $670 million redevelopment which commenced in January 2014.
- The store will be the retailer’s fourth store in Queensland following the opening of H&M at Indooroopilly Shopping Centre, Westfield Garden City and Queen Street Mall
- “We are excited to finally be able to announce our first store on the Gold Coast to be opening at Pacific Fair. We are so proud to offer Queensland four H&M stores which is the most in any state,” said Hans Andersson, Australian country manager for H&M.
- Having entered the Australian market in 2014, today H&M has eight stores in Australia and a ninth store is set to open at Chatswood Westfield on February 18.
Source: Inside Retail
Ikea urgently recalls ‘falling’ ceiling lights
- IKEA is urgently recalling two popular brands of ceiling lamps after reports the glass cover had fallen and caused injuries.
- The company has received 224 reports of incidents worldwide, including 11 injuries, but a spokeswoman told news.com.au there had been no reported injuries in Australia.
- “Ikea takes product safety very seriously. All our products are tested to and comply with applicable testing standards and legislation,” the statement said.
- Ikea said customers should immediately return uninstalled Lock or Hyby lights for a full refund. If the lights are already installed, Ikea said customers should contact customer service for more information.