The silly season is clearly not yet over for the local share market, with traders pushing it 1.4 per cent higher in thin holiday trade.
from Retail http://www.abc.net.au/news/2014-12-29/local-share-market-rises-in-thin-trade/5991860
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The silly season is clearly not yet over for the local share market, with traders pushing it 1.4 per cent higher in thin holiday trade.
The Australian Retailers Association says businesses are reporting that Boxing Day sales have exceeded their expectations, while pre-Christmas trading got a late boost.
A Newcastle insolvency practitioner says he is getting a lot of enquires from businesses needing to restructure their finances, as a result of the Hunter's mining downturn.
Australians are expected to spend about $2.1 billion in today's Boxing Day sales, with some keen shoppers camping out overnight to secure themselves a bargain.
Australians spent in record numbers in the lead-up to Christmas, the peak retail body says, with those aged over 14 spending an average of $2,500 each in the six weeks leading up to today.
There were optimistic predictions of a jump in sales this Christmas, but retailers have not seen it so far.
WA's only mobile butcher completes his last outback trip for the year, making record Christmas sales on the marathon journey.
Christmas cheer has continued on the Australian share market, with the major indices gaining over 1 per cent.
A private survey of online spending shows sales fell last month, and grew less than 4 per cent over the year.
Administrators of a menswear store, operating in Griffith, Wagga Wagga and Albury, are trying to sell the business.
The National Retailers Association expects South Australians will spend $200 million across this weekend in preparation for Christmas.
Tasmanian retailers are hoping to see thousands of last minute shoppers in the lead up to Christmas.
Miniature supermarket for Darwin’s vulnerable experiencing record demand in lead up to Christmas.
New powers granted to the ACCC could be used to conduct an investigation into Canberra's high petrol prices.
An online group buying site has accepted a court enforceable undertaking after the consumer watchdog raised concerns about its contracts and its website advertising.
Entrepreneurial teenagers are selling second-hand clothes from a shipping container in their remote north-east Arnhem community.
The Woolworths supermarket has defended itself against accusations it bullied supermarket suppliers into paying for a discount campaign.
The supermarket giant admits to "crossing the line" in dealing with suppliers and agrees a $10 million fine with the ACCC.
The competition regulator and Coles appear to have reached a settlement over alleged supplier mistreatment.
Australians are expected to spend about $45 billion on Christmas gifts this year, despite mixed economic signals.
The Kalgoorlie-Boulder Chamber of Commerce and Industry (CCI) says online shopping is like a "cancer" for mainstream retailers in regional areas.
Granite paving stones laid at the west end of Hindley Street in Adelaide's CBD may be ripped up after the slippery surface was found to be a traffic hazard.
A new report delivers disturbing economic news for ACT businesses relying on good sales figures ahead of Christmas.
The Australian Competition and Consumer Commission is investigating pharmacy chain Chemist Warehouse over its advertising practices.
A South Australian supermarket chain has made the decision to only stock free range eggs.
The head of the Shepparton Chamber of Commerce, Paul Lelliott, has welcomed federal Treasurer Joe Hockey's call to Australians to spend up big at Christmas.
Lower production and changing fashions trends are driving down sales of woollen garments across the globe, according to a wool industry analyst.
The Woolworths supermarket chain has started selling imperfect, and oddly shaped or sized, fruit and vegetables at discount prices.
Retail sales have defied weak economic figures, posting a solid 0.4 per cent rise in October.
The debate over free-range, barn-raised or caged hens, and appropriate stocking densities for each, has raged within the egg industry for years and now it's being played out in the market place.
The latest snapshot on online retail shows the smaller states and territories are punching well above their weight when it comes to internet shopping.
Fuel companies are asked to explain why Perth's petrol prices are dropping quicker than those in regional areas.
A local business group in southern Queensland says the region is facing a tough Christmas trading period mainly because of the drought.