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ACCC Prohibits Minimum Advertised Prices On Dewalt Power Tools

Elise Reid June 4, 2020 No Comments

The ACCC has rejected Stanley Black & Decker’s proposal to set a minimum advertised price for Dewalt power tools, accessories and attachments, concluding that the detriments to the public would…

Macquarie Analysts Tip JB HI-FI To Outperform

Elise Reid June 3, 2020 No Comments

Macquarie analysts expect JB HI-FI to outperform previous forecasts, raising their price target to $41 per share. As of 11am today JB HI-FI’s share price stood at $38.90. “We see…

Consumer Confidence Improves Ninth Week In A Row, Up 6%

Elise Reid June 2, 2020 No Comments

The latest ANZ-Roy Morgan Australian Consumer Confidence index has improved for the ninth week in a row, increasing by 6% last week on the back of further easing of the…

Majority Stakeholder In David Jones Calls It A ‘Poor Acquisition’

Elise Reid June 2, 2020 No Comments

The investment management company Allan Gray, which recently bought a 20% stake in David Jones’ parent company Woolworths Holdings, has called the firm’s purchase of the Australian retailer a poor…

Customers Queue For Hours To Get Into Ikea

Elise Reid June 2, 2020 No Comments

Yesterday, thousands of shoppers have reportedly queued for hours to get into newly reopened Ikea stores across England and North Ireland, leading Ikea to close carparks at some locations to…

EB Games To Issue Refunds For Fallout 76

Elise Reid June 1, 2020 No Comments

EB Games has agreed to refund Australian consumers for the online video game Fallout 76, acknowledging that they were misleading in their consumer guarantee rights. There were widespread complaints about…

Kogan Shares Soar To Record High

Elise Reid May 29, 2020 No Comments

Kogan.com.au has noted unprecedented growth during the COVID-19 pandemic, and today the company’s share price soared by 5.2% to reach a record high of $11.11 as of 12pm. This comes…

Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales

Elise Reid May 25, 2020 No Comments

Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to boost the group’s earnings. As such, Citi has…

ARA: ‘Retailers Need More Flexible Trading Hours’

Elise Reid May 25, 2020 No Comments

The Australian Retailers Association (ARA) is calling for greater flexibility when it comes to trading hours and penalty rates, in order to support the retail sector as it begins to…

Drone Deliveries In Canberra Surge 500%

Elise Reid May 25, 2020 No Comments

Wing, a drone delivery company that is owned by Alphabet, has been trialling its services in Canberra, and since February, the firm has recorded a 500% increase in its delivery…