Saturday 27 October 2012

Latest Retail News – 27/10/2012

Latest Retail News – 26/10/2012
1.       Inflation up 1.4% in September quarter – keeping within RBA’s annual rate target of 2-3%.
2.       Government slugs backpackers an extra $70 visa charge in blow to tourism.
3.       Government’s move to monthly company tax payments branded as an accounting trick that will increase compliance costs.
4.       ANZ records profit of $6.01 billion.
5.       Tiger Airways fined $110,000 for failing to unsubscribe customers from marketing emails.
6.       Apple makes $8.2 billion profit in one quarter.
7.       California introduces laws allowing homemade food goods to be sold legally.
8.       Gumtree reports second hand sales boom as consumers look for income alternatives.
9.       NAB reports slow build in business confidence.
10.   Roy Morgan Research reports consumer confidence increases to near pre-GFC levels.
11.   Highpoint Shopping Centre opens new Fresh Food Mart and Eco Mall.
12.   September credit and debit card transactions up by 6.9% on last year.
13.   Online entrepreneur, Kogan, achieves 1 millionth sale.
14.   NSW government plans to introduce 24 hour retail trade by Christmas.
15.   Billabong reports improvement in sales.
16.   Cotton On opens its 1,000th worldwide store.
17.   Zara opens its 6th Australian store at Doncaster Shopping Town.
18.   QVM launches self-guided heritage trail.
19.   Lord Mayor Doyle slams Morgan/Elliot plan for underground car parks.