News

Pessimistic Australians and confident Kiwis

Nielsen’s latest consumer confidence results for the second quarter of 2017 shows a very different attitude between Australians and New Zealanders. According to the report, New Zealand is “riding its wave of positivity with a consumer confidence score of 103” which is up seven points from the same time last …

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Costco opens third NSW site

Scores of eager shoppers attended the official opening of Costco Marsden Park in western Sydney on Tuesday morning, marking the retailer’s ninth warehouse opening in Australia since launching in this country eight years ago. Spanning 13,575sqm, the Marsden Park store includes a Costco fuel station, tyre centre, food court, optometrist, …

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Queensland trading-hours amendment welcomed by small retailers

The voices of Queensland small independent retailers have finally been heard with the Palaszczuk government delivering on its promise to grant a five-year moratorium on any further changes to trading-hours laws. The moratorium on further trading-hours applications to extend the allowable trading hours for non-exempt shops will provide a period …

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David Jones to bring premium food offer to Melbourne

The department store plans to open a new retail food concept at Malvern Central, Melbourne, in March 2018, delivering a premium food offering with an emphasis on convenience and quality to suit the discerning local customer. The 550sqm David Jones Food store at Malvern will be the first concept in …

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Woolworths results show resurgence

An emboldened Woolworths has posted an increase in revenue of 4.5 per cent over 2016-17, to total $36.4 billion, as the retailer benefited from a change of direction and refocused food strategy. The company also posted comparable sales growth of 3.6 per cent over the year, although cost-cutting measures have …

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Metcash and Chinese retail giant in export deal

One of the largest non-government retailers in China, Suning Holdings Group, has signed an agreement with Metcash to introduce Australian and New Zealand products to the Chinese market. During a recent trip to Australia, Suning International VP Steven Zhang met with local Metcash vendors, then signed a memorandum of understanding …

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Section 46 to give small businesses a level playing field

Section 46 of the Competition and Consumer Act 2010 – the misuse-of-market-power provision – has been amended by the federal government to align with the recommendations of the 2016 Harper policy review “The Harper review found the misuse-of-market-power law was not reliably enforceable and did not effectively target and deter …

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