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Only a third of consumers purchase sale items: Report

1:36PM | Friday, 6 January 2012 | Michelle Hammond

Only 36% of Australian consumers buy products on sale, according to a new report, while 83% identify quality as the most important factor, suggesting retailers cannot rely on discounting to remedy sluggish sales.

Services sector struggles to enter positive territory

1:00PM | Thursday, 5 January 2012 | Michelle Hammond

The services sector remained in negative territory in December, according to the latest Australian Performance of Services Index, with ongoing weakness across consumer-related sub-sectors.

$1 starting price for iPhone app highlights developers’ struggles

1:20PM | Wednesday, 4 January 2012 | Michelle Hammond

A mobile app developer is selling his iPhone app on eBay for a starting price of $1 to escape the costs associated with the app, suggesting the market is becoming less viable for smaller players.

Retailers gloomy over first quarter prospects: Report

1:48PM | Tuesday, 3 January 2012 | Michelle Hammond

Retailers remain pessimistic about their performance in the first quarter, according to a Dun & Bradstreet report, with expectations down 26 points compared with the same period in 2011.

Retailers warned not to follow department store discounts

12:50PM | Wednesday, 21 December 2011 | Michelle Hammond

Retailers need to look beyond discounting as part of their post-Christmas sales strategy, an expert says, as Myer and David Jones promise to go head to head with record Boxing Day sales.

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.

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