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Oroton on the up
Oroton Group records an 18 per cent jump in net profit for the financial year to July 31, despite slower sales for its Polo Ralph Lauren division.
DFO saved
The troubled Direct Factory Outlet (DFO) business is rescued by Colonial First State Retail Property Trust. It acquires four DFO outlets for a cost of $498 million, including a 50 per cent interest in DFO South Wharf, Melbourne.
DJs gets branded
Department store David Jones announces the roll out of 1000 ‘branded installations’ in its national store network for labels including sass & bide.
Portmans pain
Premier Investments reveals its Portmans brand suffered the biggest drop in sales over 2009/10. The brand suffered a 13.5 per cent drop in sales and a loss of $18.5 million. This was linked to a creative overhaul of the business.
Top time for TV
Independent label TV lands a coveted place on the floor of UK retailer Topshop. The high street giant picks up nine of the brand’s autumn/winter 2010 pieces.