Thursday, 25 August 2011

Kings Park. Noni B goes online

Fashion retailer, Noni B, at Kings Park, has announced an after tax profit of just $700,000 in its June 30, 2011 year, well down on the $3.9 million of 2010, but in line with market guidance of July. Joint CEO, David Kindl, said a comprehensive review of Noni B’s business model has positioned it well for when consumers regain the confidence to spend “whenever that may come”. In September, Noni B will open an online store selling products from its Noni B and Liz Jordan stores at the same price as in-store. It hopes both online and in-store sales will be boosted by ongoing marketing to a customer loyalty program database now numbering in excess of one million, half of them regular shoppers. Some 91,000 names were added to it last financial year.


Region. Financial workshops

The Parramatta-based RDA Sydney conducted another in the series of Financial and Professional Business Services workshops, at Campbelltown Catholic Club, aimed at the encouragement and development of jobs. Among the attendees were representatives from Deloitte, Raine & Horne Commercial, Richard & Wrench. LJ Hooker and Trade & Invest NSW. Other workshops have been held in Parramatta and Penrith, with one at the Crowne Plaza Norwest, on August 30.


Parramatta. Large property on the market

A major L-shaped mixed-use block in the Parramatta CBD core is for sale with expressions of interest closing on September 22, through Jones Lang LaSalle. The tenants of the 2403-square-metre property, with frontages to Church and George streets, include St George Bank, Aldi and Miller’s Fashion Club. Fully leased net income is $1,554,000 per annum. The property surrounds a two-storey mixed-use property, on the south-east corner of the intersection, which was sold recently for $4.1 million. Its tenants include Tax Tips, Vodafone, Glamour Hair and 7-Eleven.