Retail trade figures were slightly up in April, but spending was still flat for the year, as Australians continued to keep an eye on what they spend. According to fresh data released by the Australian Bureau of Statistics on Tuesday, retail spending in April rose 0.1 per cent from March.Continue Reading
Brian Healy breathed in asbestos when he was barely an adult and 50 years later the cancer it caused is still in his body. The fitter and machinist worked for the Victorian State Electricity Commission and decades later received a confidential compensatory payment for his exposure to asbestos. With asbestosContinue Reading
More pain for mortgage holders could be on the way after the Reserve Bank of Australia warned it would be some time before the board would have “sufficient confidence” inflation will ease within a reasonable time frame. The RBA on Tuesday released the minutes of its February meeting where itContinue Reading
The total combined value of Australian housing rebounded to $10 trillion in the June quarter, up $325bn from March, after taking a hit during 2022 as the Reserve Bank delivered its punishing round of rate increases. The average price of residential dwellings rose by a further $25,200 in just threeContinue Reading
As shoppers struggle under the soaring cost of groceries, an old Coles ad has resurfaced and highlighted just how different Aussies’ weekly shops look now compared to a few years ago. Many Aussies will remember Coles’ ‘Feed Your Family’ campaign from 2017, which had celebrity chef Curtis Stone touting recipesContinue Reading
As shoppers struggle under the soaring cost of groceries, an old Coles ad has resurfaced and highlighted just how different Aussies’ weekly shops look now compared to a few years ago. Many Aussies will remember Coles’ ‘Feed Your Family’ campaign from 2017, which had celebrity chef Curtis Stone touting recipesContinue Reading
A shock $10 billion move last week by the owner of the underperforming Target chain could be a the eventual death knell for the brand, at least on stores. That’s the opinion of a seasoned retail watcher after conglomerate Wesfarmers announced it would merge the management of its Kmart andContinue Reading
Food and grocery prices at Australia’s two supermarket giants Woolworths and Coles have surged by a whopping 9.6 per cent in April, according to a new report. Common grocery items including Vegemite, peanut butter and yoghurt have soared higher in cost compared to overall inflation of 7 per cent, theContinue Reading
The ‘tech wreck’ just got a whole lot worse with Amazon announcing that 9000 jobs will be slashed. It comes just two months after Amazon cut 18,000 roles, back in January, which at the time represented six per cent of Amazon’s workforce and also its largest redundancies in the firm’sContinue Reading
Gerry Harvey has hit back at investors after his company Harvey Norman suffered an eye-watering $386 million wipe-out. On Tuesday, the firm revealed that its sales in January had dropped by 10.2 per cent and that its profits for the first half of the year were lower than expected. InvestorsContinue Reading