2015-16 Budget receives positive response from Retailers as Jobs and Small Business Package offers up to $20,000 asset tax deduction incentive.
Retailers welcome Budget asset tax deduction, but mixed response Read More »
With the NSW Cancer Council claiming that a rapidly expanding e-cigarette industry is unregulated, CEO of the Australasian Association of Convenience Stores (AACS) Jeff Rogut said the sale of legal e-cigarettes is one of a range of solutions Government should be investigating as having the potential to reduce the incidence of smoking. “With the NSW
E cigs show potential to cut smoking, draconian laws no solution: AACS Read More »
The Australian Competition and Consumer Commission (ACCC) has concluded an investigation into alleged anti-competitive conduct by fuel retailers in the NSW Northern Tablelands city of Armidale and not found evidence of cartel conduct during the course of the investigation. This followed concerns raised late last year regarding high petrol prices. The regulator said that fuel prices
No fuel cartel conduct in Armidale says ACCC, Launceston study announced Read More »
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.3% in March following a rise of 0.7% in February 2015, seasonally adjusted, while food retailing at 0.4% growth was a modest rise reflecting flat growth for the March quarter. At current prices, the trend estimate for Australian retail turnover rose 0.3% in
Steady sales for food retailing backed by interest rate cut Read More »
Two shop assistants were subjected to an unwarranted number of work trials by a NSW retail business, a Fair Work Ombudsman investigation has found. Mario and Mirna Tamer, the former owners of Fancy Fruits retail shop at Thirroul, in the Illawarra region, have admitted they often used unpaid trials as part of their recruitment process.The
Excess use of free ‘Work trials’ doesn’t add up Read More »
Small Businesses (0-19 employees) benefit from 2015-16 Budget with $5.5 Billion Jobs and Small Business Package allowing for tax cut relief.
Boost for small business and jobs in 2015 Budget Read More »
Caltex Australia welcomed new shareholders to its AGM last week, following the successful sell down by Chevron of its 50% shareholding in the company in March, while reporting solid sales in convenience stores and across Vortex fuels. Caltex recorded an after tax profit for the 2014 full year of $493 million on a replacement cost
Caltex completes restructure, reports solid c store, fuel sales Read More »
Coles supermarkets has refunded close to $10 million to suppliers as part of a dispute resolution process. The refunds follow a Federal Court finding in December 2014 that Coles demanded payments from suppliers to which it was not entitled by threatening harm to the suppliers that did not comply with the demand and withheld money
Coles refunds almost $10 million to suppliers Read More »
BP Australia to spend $450 million over the next few years in expansion of its 1400 sites around the country.
BP rolls out $450m new store, refurbishment program Read More »
Australian convenience stores have done it again. For the third year running, the convenience channel outpaced the growth of the grocery channel over the course of 2014, recording sales growth of 4.5% compared to the 2.6% recorded by the country’s major grocers. The figures were unveiled today with the launch of the annual State of
Convenience industry continues to outpace the majors Read More »
The Colgate-Palmolive Company has reported worldwide net sales of $US4.070 billion for first quarter 2015 led by market share gains in toothpaste and toothbrushes. Sales fell 6.0% versus first quarter 2014 against a foreign exchange negative of 10.0%, while global unit volumes grew 1.5% and pricing increased 2.5%. Organic sales grew 4.0%. Net profit for
Colgate posts higher profit, sales volumes Read More »
Woolworths will cut a further 400 non-customer facing roles as it seeks to maintain and improve its position as Australia’s leading retailer. While Woolworths says its value position at its most competitive level since January 2014, its three year growth strategy outlined earlier this week, is based on a new ‘Lean Retail’ operating model which
Woolworths cuts 400 more staff, seeks savings of $500 million plus Read More »
Australian Petroleum Industry Contractors and Suppliers Association merge with the Australasian Convenience and Petroleum Marketers Association to further petroleum equipment and services businesses interests.
APICSA and ACAPMA merge Read More »
