An online retailer specialising in computers, software and electronic goods has amended its warranties and returns policy after ACCC action proved it was misleading consumers.
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According to a recent research report, Australian consumers are turning away from making purchases on credit cards. A strong increase in debit card usage has made it the preferred payment method for consumers.
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According to Bernie Brookes, Myer chief executive officer, the refurbishment program for its retail stores is nearing completion. Brookes said that an expansion plan for 15 new stores is also in development.
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In its latest financial results announcement, Myer has recorded an impressive 38 per cent uplift in net profit to $115 million for the six month period ending 23 January 2010.
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According to the Westpac-Melbourne Institute, it seems consumers have not lost confidence in the economy after a fourth interest rate rise. The Consumer Sentiment Index increased by 0.2 per cent in March.
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The incredible and seemingly unstoppable expansion of Jaycar Electronics has continued, with the retail group's 65th store opening this week in North Rockhampton.
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A leading electrical retailer and its director have been slammed by the Federal Court of Australia for engaging in misleading and deceptive conduct.
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Just after it was announced that retail sales were back on track in 2010, the Reserve Bank of Australia has thrown a spanner in the works by raising interest rates by a quarter of a per cent.
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The Australian Bureau of Statistics has announced that retail sales throughout January were surprisingly strong, especially when compared to the disappointing fall in December. Department stores in particualr performed extremely well.
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Vita Group, the owner of Telstra T[life], Fone Zone and Next Byte stores, has released its financial results for the six month period to 31 December 2009. Although operating revenue was down, EBITDA and net profit after tax increased substantially.
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The exquisite metal finishing on the new Saeco Xelsis is a symbol of design excellence while setting new standards in coffee taste and experience.
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