Tag: retail

Government’s Youth Jobs PaTH program supported by retail industry

Earlier this week, the Australian Retailers Association (ARA) Executive Director Russell Zimmerman showed his support for the government’s Youth Jobs PaTH (Prepare-Trial-Hire) program. According to a statement released by the ARA, the organisation...

RBA rate cut

The Reserve Bank of Australia (RBA) has cut the cash rate by 25 basis points to a record-low 1.5 per cent. RBA Governor Glenn Stevens said in a statement the decision took into...

7-Eleven Japan tops Asia Pacific retail rankings

Euromonitor International and Retail Asia have released the 13th Retail Asia Top 500 Retailers Ranking. In 2015, US$964 billion ($1.3 trillion) in sales were recorded by the region’s top 500 retailers, which represented...

Slight rise in May retail figures

The Australian Bureau of Statistics has released its retail sales numbers for May 2016. The ABS showed that retail sales rose 0.2 per cent in May on the back of the Reserve Bank’s...

Metcash announces yearly results

Metcash has announced a profit after tax for the past financial year of $216.5 million, a turnaround from the $384.2 million loss in financial year 2015. Group sales revenue increased 1.3 per cent...

AFGC grocery report shows lower growth

The Australian Food and Grocery Council and financial services company UBS have released a report detailing changes in the Australian grocery market that have led to structurally lower growth. The survey of Australian...

Credit card surcharge changes to lower prices

According to IBISWorld, changes to credit card surcharge and interchange fees are expected to reduce revenue for payment providers and the banking sector while providing lower prices for some goods and services...

International news: flexibility the key in convenience

New research from Mintel reveals that 45 per cent of Britons say they regularly visit convenience stores to do a top-up shop, while seven per cent visit the stores for their main...
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