The new retail award announced last Friday could cripple small retailers with up to $28,473 in wage bill increases, no productivity gains and an archaic penalty rate structure.
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Retailers optimistic but government can do more
ARA executive director Richard Evans said the initiatives the Prime Minister announced at the Small Business Summit in Brisbane are another positive step towards supporting retailers and small business
David Jones posts record profit and forecasts growth
David Jones has today posted a record profit report in its annual report to the Australian Securities Exchange. With sales revenue in excess of $2 billion, David Jones’ profit after tax for FY07 was up 25.1 per cent to $137 million.
Pre-shopping saves consumers dollars
Pace of life, record levels of credit card debt, larger grocery bills and the general rise in the cost of living may be affecting the way consumers spend, according to the 2008 Lasoo.com.au – User Behaviour Research Report.
One million iPhones sold in three days
Apple had sold one million iPhones 3G in just three days after its launch on Friday 11 July, with iPhone 3G now available in 21 countries, including Australia.
Vodafone announces official iPhone prices
Vodafone has confirmed many of their iPhone pricing plans, a day after they leaked onto the web via their homepage, adding monthly repayment prices.
Flight Centre stays on track
Travel agent Flight Centre is expecting its profit for this financial year to exceed $210 million before tax.
Worried retailers lose confidence in Federal Government
New research released in the inaugural Australian Retailers Association Australian Retailers’ Index revealed a net balance of 15 per cent of the sector reporting a decrease in profitability over the last quarter.
Clean energy, low emission Safeway supermarket of the future opens in Docklands
Safeway’s first ‘green store’, opened to customers on Thursday 22 May. The Hon. Gavin Jennings MLC, Minister for the Environment and Climate Change will tour the store with industry representatives at a gala opening on Wednesday afternoon.