H&M, Zara, Uniqlo will regret coming Down Under, warns Target boss
Video will begin in 5 seconds. Wesfarmers looks to the future After spooking investors with asset write-downs and restructuring costs in May, the conglomerate has come out to give reassurance to their shareholders. PT1M44S 620 349 Wesfarmers department store boss Guy Russo warned the global fashion heavyweights a Target turnaround would hurt as he dumped in-store playgrounds and cafes and killed off the mid-year toy sale.He predicted a "clean" Target would crimp sales at the ..>> view originalWesfarmers a long term wealth creation story
Wesfarmers chief executive Richard Goyder focusing on long term returns. David Rowe That fact that Richard Goyder must launch a defence of the Wesfarmers business model every year at the company's strategy day says a lot about the deeply entrenched short term thinking in the Australian market.Wesfarmers has been an extraordinary wealth creation story over the past 30 years.It has managed to embed a management culture that focuses on the long te..>> view originalBarnaby Joyce promises $4.5bn national body to streamline concessional loans
The agriculture minister, Barnaby Joyce, has promised to establish a $4.5bn regional investment bank which would bring together existing rural concessional loans and could include some loans for private projects. The fund would streamline existing concessional loan programs such as concessional drought loans and dairy support loans. But the details – including how the fund would mesh with the states which administer the loan schemes – have yet to be revealed. “This is not such a major leap,” t..>> view originalKate Hudson's Fabletics and ScootPrice under fire for dodgy membership model
Video will begin in 5 seconds. Do you know your consumer rights? In this video, the ACCC explains what your consumer rights are. PT1M40S 620 349 Consumers are being warned not to fall into "subscription traps" - where online retailers treat a one-off purchase as permission to sign up shoppers as fee-paying members.US activewear retailer Fabletics, co-founded by Hollywood star Kate Hudson, has been forced to improve its disclosure of ongoing membership fees after the Australia..>> view originalH&M to expand into regional Australia
H&M to expand into regional Australia Daniel Palmer The Australian 6:45PM June 22, 2016 H&M opening in Sydney in 2015. The group already has nine in operation on the east coast and one in Western Australia just two years after launching with much fanfare in Melbourne. Swedish fashion house H&M is showing no signs of slowing its Australian expansion, declaring plans to reach out to regional areas through the addition of two more stores. The group alrea..>> view originalWA Treasurer to keep pushing for GST change
WA Treasurer to keep pushing for GST change as NSW share drops Posted June 22, 2016 15:44:52 Western Australia Treasurer Mike Nahan hopes a looming drop in New South Wales' share of GST revenue will revive the campaign to change the way the tax is distributed.NSW is set to see a significant drop in its GST revenue, with forecasts that will leave it $10.8 billion worse off over the next four years.The issue for NSW comes as the WA Government continues to campaign for m..>> view originalColes leaves door open to price war
Coles says is cheaper than Woolies, and will stay that way. Picture: Mark BrakeSUPERMARKET giant Coles is trialling its first-ever stand-alone online store — dubbed a “dark store — as it tests the waters ahead of a potential disruption by overseas players such as Amazon Fresh.The global online shopping giant recently announced a launch into the UK market, but has not yet revealed any plans to head down under.But Coles is not taking any chances, with plans to test its first online-only store in M..>> view originalElection 2016: How the national vote will affect your finances
Video will begin in 5 seconds. Election 2016: Economic growth winners and losers Liberal and Labor Finance Ministers discuss the National account figures that reveal not everyone is benefitting from economic growth. PT1M46S 620 349 Don't be alarmed. That unsettling prickling sensation many of you will be feeling right now is just your hip-pocket nerve reacting to the approach of July 2. Election day is finally within sight and many voters will be focusing on what the outcome ..>> view originalWhat investors can expect after Brexit Day
What investors can expect after Brexit DayBREXIT OR BREMAIN: WHAT TO EXPECT WHEN THE VOTE COMES INBREXIT (IF UK LEAVES THE EU):* AUSTRALIAN DOLLAR: The Aussie will fall as much as two US cents against the US dollar as uncertainty about Britain's next moves drives demand for the greenback, a safe-haven currency. Confidence in the British pound will fall and a sell-off will drive the Aussie gain up to 4.0 pence.* SHARES: Equity markets will be highly volatile and sharp falls are likely due to the ..>> view originalCBA staff pressured to push products, says Finance Sector Union
Video will begin in 5 seconds. Explainer: Who regulates our banks? Whether it's interest rates, competition, resilience or misconduct, ACCC, APRA, ASIC and the RBA are the lead banking watchdogs. PT1M21S 620 349 Commonwealth Bank staff have raised concerns that performance targets are pushing employees to sell financial products that are not in customers' interests, a Finance Sector Union report says.As the banking industry conducts its own review of conflicted payments for s..>> view original
Wednesday, June 22, 2016
H&M, Zara, Uniqlo will regret coming Down Under, warns Target boss and other top stories.
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