RETAIL/CONSUMER GOODS

Brambles ready to complete IFCO acquisition

Australian logistics firm Brambles Ltd has announced that it has received final approval from the United States authorities to proceed with its A$1.24-billion acquisition of plastic container pooling service IFCO Systems NV.

Australian Parliament approves $5.6-B flood levy

The Australian Parliament has approved the Commonwealth Government's Flood and Cyclone Levy Bill, which has earmarked some $5.6 billion in funds for the reconstruction of severely damaged townships.
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No More Free Online Digital Music?

Music and record-producing companies will soon realize the untapped potential of digital music subscription that will also curb the availability of free music downloads online.

Bankers group lauds gov't website

The Australian Bankers' Association (ABA) said the new MoneySmart website will be a helpful resource for consumers who access financial literacy information online.

Bankers group lauds gov't website

The Australian Bankers' Association (ABA) said the new MoneySmart website will be a helpful resource for consumers who access financial literacy information online.

AustralianSuper Fund steps up to serve Australians best

The merger of the Australian Retirement Fund (ARF) and the Superannuation Trust of Australia (STA) has created an industry behemoth that seeks to serve all of Australia's working class. AustralianSuper is still working hard to keep step with the demands of its members that encompasses all industries in the country.

What's the deal with discount coupons?

Hunting for bargains, discounts, and or major freebies on the Internet, opens a lot of doors to Australian consumers looking forward to discounts and even freebies in their favourite restaurants and supermarket chains all over the country.

Westpac expands niche with Bank of Melbourne revival

Gearing to expand its niche and establish a multi-brand strategy this year, Westpac Banking Corp has announced plans to revive the Bank of Melbourne in Victoria and spending some $90 million for this undertaking.

US economy back on track

Is the US economy really on the rise? Are American consumers becoming more gung-hoed and spending on lattes and other luxuries given up during the downturn?

Virgin Blue's online check-in system breaks down

Passengers of Virgin Blue Airlines were distraught yesterday as about 150 flights were significantly delayed in key cities of Sydney, Melbourne, and Brisbane, as a power outage caused its data centre to breakdown.

David Jones to let go of sass & bide

Department store David Jones Ltd (ASX:DJS) will end its supply arrangement with Australian brand sass & bide following its decision not to acquire a stake in the brand.

Cyclone Yasi devastates cane crops

Australia's sugarcane crop has suffered devastation as farmers venture out to survey their properties in the wake of category five Cyclone Yasi, whose destructive eye broke land at Mission Beach and passed over Tully, inland bound, last night.Crops have been devastated in Yasi’s wake, the hardest hit being sugarcane – with initial loss estimates at around $500 million for the industry alone. A sugar-growing heartland, sugarcane growers in north Queensland will again bear the brunt of losses,...

Banana industry hit badly

The Australian Banana Grower's Council today warned consumers that the Australian banana industry, which escaped flood damage, had suffered devastation as a result of tropical cyclone Yasi.Banana growers across Far North Queensland, in particular Innisfail and Tully, have been the worst affected by the cyclone, according to ABGC Chairman Cameron MacKay.

Coles reports "record" Christmas boost for Q2

Wesfarmers released its second-quarter figures for Coles yesterday, reporting comparable food and liquor store sales growth of 6.6% in Q2, and food and liquor sales of $7 billion - a 6.7% increase on Q2 last year.The company's Q2 results for last year included sales figures for the 22 Coles supermarkets which have now been transferred to Foodworks,

Lenovo, NEC forms Japan’s largest PC group

Leading Japanese and Chinese electronics firms NEC Corporation and Lenovo on Thursday announced a strategic partnership to create the largest PC group in Japan. The agreement aligns NEC, Japan's number one PC company, with Lenovo, the fastest growing top-five PC maker in the world. The new joint venture gives both Lenovo and NEC a unique opportunity to grow their commercial and consumer PC businesses in Japan, the third largest PC market in the world, through a stronger market position, enhan...

Kathmandu shares surge on bigger margins

Outdoor clothing and equipment company Kathmandu Holdings Ltd says its performance for the six months to January 31 is expected to be significantly ahead of the same period last year.

Lift in November retail data an 'anomaly'

Retailers will be pleased to see an increase in retail figures in November, but this will not be enough to save the year, according to the Australian National Retailers Association (ANRA).

Constellation offloads Australian, British wines

Constellation Brands, Inc. (NYSE: STZ), the world's largest wine company, has signed an agreement to sell its Australian and UK business, to Champ Private Equity of Sydney, Australia in a transaction valued at approximately A$290 million.

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