David Jones sales increased by 1.4 per cent with total sales of $417.4 million for the third quarter (3Q) compared to the same period in 2009. Like for like sales also grew by 1.4 per cent compared to 3Q09.
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Melbourne paint retailer fined $72,600 for underpaying workers
A former Melbourne paint retailer has been fined $72,600 for underpaying five employees. Pride Paints has been fined $66,000 and the company’s sole director Eberhard Peppler has been fined $6600.
David Jones profits up 10.2%
David Jones has reported a record high first half profit after tax of $100.5 million for the six months ended 23 January 2010.
David Jones sales up 3.1%
David Jones has announced that like-for-like sales for the second quarter of 2010 increased by 3.1 per cent compared to the same period last year.
JB Hi-Fi continues to smash records
JB Hi-Fi Limited has announced a record half yearly net profit of $76 million from $1.554 billion in sales for the six month period ending 31 December 2009.
Metcash boosts half year profit and cash flow
Grocery and liquor wholesaler Metcash said revenue was up 6.6 per cent to $5.6 billion, despite intense competition in the grocery sector, lower levels of inflation and price deflation in the produce sector.
RBA lifts official interest rates
According to the Australian National Retailers Association, this rate rise has the potential to subdue the already weak growth in the retail sector and may damage the confidence of consumers in the lead up to Christmas.
Apple posts record profit
Apple has had its most profitable quarter ever, posting a revenue of $9.87 billion and a net quarterly profit of $1.67 billion.
Car wash fined $200,000 for short-changing staff
A Melbourne car wash and its director have been fined more than $200,000 for underpaying five staff a total of $4511.