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JB Hi Fi Not For Sale After Wesfarmers Speculation

David Richards April 2, 2020 No Comments

JB Hi Fi stock rose today after speculation emerged that the cashed-up Wesfarmers Group, who earlier this week sold down their shareholding in Coles could see JB Hi Fi and…

Kmart Insists There Was ‘Minimal Risk’ To Customers After Employees Test Positive For COVID-19

Elise Reid April 1, 2020 No Comments

Chadstone Kmart, located in Melbourne’s popular Chadstone Mall, closed yesterday afternoon, after two casual team members tested positive for COVID-19. “As soon as we were made aware, we immediately closed…

Retail Boss Questions Whether $130-Billion Handout Will Be Enough

Elise Reid March 31, 2020 No Comments

Rob Scott, the Managing Director of Wesfarmers Group, believes that the government’s wage subsidy payment of $1500 per fortnight “only goes so far”. “Notwithstanding the generous package, there are many,…

Bunnings Gets Greenlight To Acquire Adelaide Tools And Oaklands Mower Centre

Elise Reid March 31, 2020 No Comments

The ACCC has announced that it will not oppose Bunnings’ acquisition of Adelaide Tools and Oaklands Mower Centre, which sells power tools and outdoor power equipment at five stores in…

COVID-19: Woolies Joins Coles In Asking Customers To Pack Their Own Bags

Elise Reid March 30, 2020 No Comments

Woolworths has joined Coles in asking customers to pack their own bags at the checkout in order to reduce the amount of time checkout staff have close contact with customers.…

UPDATED:David Jones Tipped To Follow Myer & Close Down Stores

David Richards March 27, 2020 No Comments

Myer has jumped the gun and announced that they are set to start closing all stores from this weekend, David Jones is tipped to follow their lead, this could see…

Concerns Over Move To Set Minimum Advertised Prices On Power Tools

Elise Reid March 27, 2020 No Comments

The ACCC has moved to disallow power tool distributer Stanley Black & Decker’s from setting a minimum advertised price for Dewalt brand power tools, accessories and attachments. There are also…

UPDATED: Retailers Face Close Down PM, QBE Tipped To Cut Insurance Risk

David Richards March 27, 2020 No Comments

Despite pleas to both Federal and State Governments consumer electronics and appliance retail stores face being shut down from Monday of next week according to several sources. Scott Morrison says…

Coles Asks Customers To Pack Their Own Bags To Minimise Contact, Among Other Measures

Elise Reid March 27, 2020 No Comments

Coles has announced new social distancing measures at the checkout to keep their staff and customers safe as the COVID-19 crisis in Australia worsens. To minimise handling and close contact…

JB Hi Fi Closes Stores As Premier Sack 9,000 No Rent To Be Paid

David Richards March 26, 2020 No Comments

JB Hi-Fi has temporarily closed its New Zealand business while retail Group Premier Investments has moved to sack 9,000 people. The JB Hi Fi closure was made following the New…