German retail giant Kaufland is set to arrive on Australian stores, and one expert believes it could bring Aldi’s biggest rival, Lidl, along with it.
The big-box has established an Australian website and is hiring at management level.
Brian Walker, Chief Executive at Retail Doctor Group, describes Kaufland as a “general merchandise hypermarket”, the likes of which Australia has never seen. “The closest comparison would be Costco without the focus on membership. It has a bit of everything,”.
International off-price retailer, TK Maxx has confirmed it’s coming to Australia in April this year.
“Australian shoppers are extremely savvy and value orientated, so we think our offer is going to be a winning formula here and we’re very excited about our growth opportunities for this market” Tessa Buenen, TJX spokesperson said.
TJX plans to open “a handful of stores this year” alongside the conversion of the existing stores.
Catch Group owners Gaby and Hezi Leibovich are set to pull Pumpkin Patch from the retail graveyard, with the company announcing its acquisition of the insolvent childrenswear brand for an undisclosed sum.
The pure-play retailer has acquired the Pumpkin Patch brand and associated intellectual property, including database, trademarks and product designs and will relaunch the company with an online only offering in the coming months.
“We are going to be attractive with our pricing to be in the same line with what the H&Ms are offering, but we want to offer some point of differentiation around design,” Catch Group CEO Nati Harpaz said.
Smiggle and Peter Alexander boost Premier’s first-half
Premier Investments has lifted its underlying first-half profits 9.7 per cent to reach 100.6 million.
The owner of several retail brands including Smiggle, Peter Alexander and Just Jeans reported record underlying EBIT of $93.0 million, up 10.6 per cent on the comparable 26 week period last year ($84.1 million). Underlying net profit before tax increased 10.8 per cent to $90.9 million.
Premier saw a slight rise in half-year net profit of $71.9 million while total sales were up 7.1 per cent to $588.6 million.
UK retail giant JD Sports is about to shake up Australia’s athleisure market
UK chain JD Sports is about to launch in Australia, with an offering that promises to be like nothing we’ve seen before.
“We will be offering the full product range, wider than the Australian consumer’s have ever seen in the sport and lifestyle category,” Glue Store founder Hilton Seskin, who is bringing JD Sports to Australia.
He plans to open six stores on the east coast by the end of this year, starting with one in the Melbourne Central shopping centre.