Wednesday, 2 June 2010

Australia Soars In The Retail Market - 2/6/10

It appears Australia is leading the way in creating new shopping experiences, and hitting retail sales through the roof. We were happy to hear the news today that Australia is at a peak in jewellery retail sales.

Not only is our jewellery expenditure at an all time high, there has been a 50% increase in net sales across Australia’s Asia-Pacific region (meaning we are more than doubling the efforts of the US!)

In another win across the retail sector, Westfield celebrates their 50th year in business, with group chairman Frank Lowy more positive than ever at the prospects of the future. Westfield’s continuous success is very interesting, particularly as we draw closer to the launch of their largest project yet in Australia - the Westfield Sydney Redevelopment Project, on the corner of Castlereagh and Market Street.

Incorporating a collective of international brands and Australian high end brands, and also what we hear will be a chic and brilliant food sector, the new retail giant is set to be completed in 2012, with the first stages rumoured to open this year in November. We look forward to the doors opening and the rush of shoppers that will ensue!

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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,