Business News

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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Irexchange gains access to temperature-controlled fulfillment

Emergent Cold, described as one of Australia’s leading temperature-controlled supply-chain specialists, and technology disruptor irexchange, have signed a Heads of Agreement (Agreement) to support the next phase of growth for both businesses. The Agreement outlines a collaboration between Emergent Cold and irexchange that will provide temperature-controlled flow-through DC transport and …

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Next generation of banknotes: $50 design reveal

The Reserve Bank has revealed the design of the new $50 banknote, which will be released into general circulation in October 2018. As with the existing banknote, the new $50 features portraits of Aboriginal writer and inventor David Unaipon and the first female member of an Australian parliament, Edith Cowan. …

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Retailers welcome delay in Qld Container Refund Scheme

The Queensland government has delayed the implementation of the state’s Container Refund Scheme from July 1 to November 1, so that lessons from the NSW experience can be learned. NSW’s ‘Return and Earn’ container deposit scheme (CDS) was launched on December 1 last year and has faced criticism from retail …

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Business view of the economy best in seven years

Overall assessment of the economy among Australian businesses has reached its highest level since December 2010, according to the latest Sensis Business Index (SBI).  Almost three in 10 surveyed small and medium businesses said they believed the economy was growing – nearly double the proportion that believed it was slowing, …

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