Retail
The first quarterly report into the Australian petroleum industry for 2015 has been released by the ACCC, revealing a price decrease to 109.2 cents per litre in the month of January – the lowest monthly average since 2009.
A 43 per cent rise in spending via mobile devices is expected to be seen in 2015, a forecast revealed in research commissioned by PayPal.
Woolworths Ltd and eBay have today announced a partnership that will allow eBay customers to pick up purchases at Woolworths and Big W stores.
There has been a slight increase in consumer spending across the month of January, according to the Commonwealth Bank’s latest Business Sales Indicator (BSI).
Samsung has announced its acquisition of LoopPay, a point-of-sale (POS) solution that enables magnetic stripe readers to read credit card information from a device.
Social media giant Facebook is focusing on their business users, providing businesses with more opportunities to highlight a product to a specific type of customer.
Like a bulldozer through a forest, for the last decade online retail has been charging forwards demolishing any pundit or cynic who dares stand in its way.
Until the arrival of large and mid-range international retailers such as Zara, Topshop and more recently, Sephora, there was an affordability gulf protecting Australia’s own mid-market brands.
Released as the traditional two-month holiday spending period comes to an end, the real-time data reveals that online sales during this time have gone up by over 20 per cent from the 2013-14 season.
Retail turnover saw a small rise in November, according to the latest Retail Trade figures released by the Australian Bureau of Statistics (ABS).
The Australian Bureau of Statistics (ABS) has today released the final Retail Trade figures before Christmas, revealing a 0.4 per cent rise in retail turnover during the month of October.
55 per cent of shoppers admitted to in-store browsing before buying from online competitors, highlighting the need for retailers to offer goods and services on various platforms.
76 per cent of SMEs are expecting customer demand to rise or stay the same this Christmas, according to the Commonwealth Bank’s biannual SME Confidence Report released today.
The Australian Retailers Association (ARA) is expecting shoppers to spend $45 billion during this year’s pre-Christmas period.
Tax experts and small business advocates have urged that any increase to the rate or base of the GST be accompanied by other tax changes that will help ease the burden on SMEs.
Coles has released a statement rejecting the Australian Competition and Consumer Commission’s Statement of Claim lodged in the Federal Court last week.
Competition tsar Rod Sims has informed SMEs they should expect an annual cost saving on their energy usage arising from the carbon tax repeal of between five and ten per cent
Supermarket giant Coles has agreed to fork-out more than $200,000 in back-pay for ten trolley collectors, conceding its employment practices were vulnerable to exploitation and underpayment.
The banking industry is set to face new competitive disruption as it scrambles to preserve its stake in the growing mobile payments market. New figures show that worldwide mobile payments are expected to increase by nearly 61 per cent to 47 billion transactions by 2015.
The Australian dollar has dropped on the back of a lower than expected increase in retail sales, with purchases taking a dive for department stores and household good retailers.
