Business News

B2Bpay aims to streamline payments for retailers

Zenith Payments has launched B2Bpay – a new payment solution that it says can assist retail SMEs with common problems such as cashflow and payment collections while rewarding them for making payments early. B2Bpay is promoted as offering retail business owners a secure online portal where they can monitor cashflow …

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Retailers reject union boss’s demands

The National Retail Association (NRA) has rejected the policy package outlined by the Australian Council of Trade Unions (ACTU) secretary Sally McManus at the National Press Club on Wednesday, saying it would be “crippling” for small business. In her address, Ms McManus took specific aim at employers hiring casual workers …

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Payments Register update

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has released an updated National Payment Transparency Register, which promotes businesses that pay their small business suppliers in fewer than 30 days. “Late payments affect a small business’s cash flow, impact on business growth and in worst case scenarios can put …

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ARA recommends minimum-wage increase to preserve industry employment

The Australian Retailers Association (ARA) has proposed a 1.9 per cent minimum-wage increase aimed at bringing back balance to a challenging trade environment. ARA Executive Director Russell Zimmerman says Aussie retailers still face a volatile operating market and this increase in line with inflation is the best way to ensure …

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Larger companies driving business confidence

Business confidence, as measured by Roy Morgan, has begun 2018 at its best two-month level since 2014 – driven largely by businesses with an annual turnover of $5 million or more. The Roy Morgan Business Confidence index was down 3.5 points (2.8 per cent) to 120 in February following the …

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Australian retail innovation lags behind national average

A new report from Commonwealth Bank showed that only 17 per cent of retailers are innovating in direct response to customer feedback, while just 15 per cent are innovating due to observed changes in customer needs. Furthermore, only 10 per cent of retailers are seeking to drive innovation to protect …

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Employees look to employers and government for tech training

New research from Salesforce has shown that 88 per cent of workers believe that all Australians should have equal access to technology training that will equip them for jobs of the future at no personal cost. The report also highlighted that 62 per cent of workers believe they will need …

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ARA knocks back calls for further holiday entitlements

The Shop, Distributive and Allied Employees’ Association’s (SDA) application calling for retailers to provide additional public-holiday entitlements has been defeated by the Australian Retailers Association (ARA). The application would have entitled full-time and five-days-per-week part-time employees to a day’s pay, a day off with pay, or a day added to …

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ARA calls for corporate tax cuts

The Australian Retailers Association (ARA) is calling for a competitive corporate tax rate to sustain growth and drive prosperity for the country’s $310 billion retail sector. ARA Executive Director Russell Zimmerman says the ARA works hard to advocate and support employers and employees working in the sector as the Australian …

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Australians love to be rewarded for loyalty

New research from Mastercard reveals that nine out of ten Australians have a loyalty card in their pockets. Surveying 7,000 loyalty-program participants from across Asia Pacific (APAC), the inaugural study ‘Achieving Advocacy and Influence in a Changing Loyalty Landscape’ is one of the biggest loyalty studies conducted in the APAC …

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