Business groups welcome Fair Work Act review

12:28PM | Wednesday, 21 December 2011 | Michelle Hammond

Business groups have welcomed the Federal Government’s plan to review the Fair Work Act, although concerns have been raised over the areas the government will focus on.

Health and home improvement sectors set for 2012 surge: Report

12:38PM | Tuesday, 20 December 2011 | Michelle Hammond

Gyms and hardware retailers are among the businesses tipped to cash in on consumers’ good intentions in 2012, according to IBISWorld, with a big focus on health and home improvement.

Business sales record third consecutive rise

12:16PM | Tuesday, 20 December 2011 | Michelle Hammond

Consumers continue to increase their appetite for spending, after the Commonwealth Bank Business Sales Indicator increased by 0.3% in November, with good news for clothing retailers.

Retailers urged to respond to “technology-induced recession”

12:45PM | Thursday, 15 December 2011 | Michelle Hammond

Australia’s battered retail sector is in a “technology-induced recession”, according to a new report by the Commonwealth Bank, but experts say this should prompt start-ups to innovate.

Consumer sentiment falls 8.3% in December

12:40PM | Wednesday, 14 December 2011 | Michelle Hammond

Consumer sentiment fell by 8.3% in December, its lowest level since August this year.

Report blames retail rents for high product prices

12:33PM | Wednesday, 14 December 2011 | Michelle Hammond

Exorbitant retail rents are to blame for high retail prices, according to a new report, adding weight to the Productivity Commission’s recommendations on planning and zoning.

Business conditions improve despite Euro crisis

12:43PM | Tuesday, 13 December 2011 | Michelle Hammond

Business conditions improved slightly in November, according to NAB’s Monthly Business Survey, while business confidence was unchanged despite the ongoing European debt crisis.

Be wary of franchise income guarantees, expert says

12:00PM | Friday, 9 December 2011 | Michelle Hammond

Prospective franchisees should not enter a franchise solely because it offers a guaranteed income system, an expert says, as more franchisors use income guarantees as a recruitment incentive

Customer credit checks and cashflow critical in 2012: Bibby

12:28PM | Wednesday, 7 December 2011 | Michelle Hammond

Bibby Financial Services has come up with some quirky but clever tips to grow your business in the New Year, as small business owners becoming increasingly pessimistic about the future.

Businesses hail interest rate cut as an “early Christmas present”

12:14PM | Tuesday, 6 December 2011 | Michelle Hammond

Industry groups have applauded the Reserve Bank’s decision to lower the cash rate to 4.25%, as the European debt crisis continues to impact on the Australian economy.

One in three SMEs expecting Christmas sales dip: Report

12:00AM | Tuesday, 6 December 2011 | Michelle Hammond

Nearly a third of small businesses are expecting a worse Christmas trading period than last year, with conditions “historically weak” for retailers, according to a new report.

Tourism sector braces for quiet summer

12:07PM | Friday, 2 December 2011 | Michelle Hammond

Retailers aren’t the only ones facing a quiet Christmas, with tourism operators also hurting, after a new report revealed more than 50% of consumers will skip the traditional summer holiday this year.

Independent bakers hit out at supermarket power

12:04PM | Friday, 2 December 2011 | Michelle Hammond

Independent bakers are calling for a boycott of cheap, mass-produced supermarket bread in a bid to stay afloat, claiming the supermarkets’ slashed prices are forcing small bakeries to close.

Christmas spending set to dip

12:56PM | Friday, 2 December 2011 | Michelle Hammond

A digital marketing agency has shared its tips for driving online sales, after an IBISWorld report revealed a third of Australians expect to spend less this year than last Christmas.

Small business allowed to contest ATO benchmarks

11:05PM | Tuesday, 29 November 2011 | Michelle Hammond

Benchmarks developed by the Tax Office for small businesses are a good tool to detect income but are otherwise susceptible to “heavy-handed” use, according to the inspector-general of taxation.

Government urged to tackle supermarket home brands

11:54PM | Monday, 28 November 2011 | Michelle Hammond

The Australian Food and Grocery Council is urging the Federal Government to appoint a Supermarket Ombudsman to control the amount of shelf space taken up by home brand products.

Business groups up in arms over super levy rise

11:17PM | Friday, 25 November 2011 | Michelle Hammond

A leading business group says it’s appalled by the Federal Government’s lack of consultation on lifting compulsory superannuation by 3% from 2013-14, claiming the increase will cost jobs.

Retailers reveal top Christmas sales strategies

11:05PM | Friday, 25 November 2011 | Michelle Hammond

Successful retailers have revealed their best Christmas sales strategies, after the Australian Retailers Association painted a gloomy picture for the industry with its latest predictions.

Banks introduce same-day settlement for weekend trade

11:29PM | Tuesday, 22 November 2011 | Michelle Hammond

Retail and hospitality businesses relying on weekend trade look set for quicker access to their funds, with two of the major banks moving to same-day settlement, seven days a week.

Union pay push set to impact retailers

11:49PM | Monday, 21 November 2011 | Michelle Hammond

Employers in the retail industry could be dealt another blow in light of a union push to introduce the adult wage at 18 years of age instead of 20, in addition to a pay push for apprentices.