Paul Zahra
Latest
THE NEWS WRAP: Rio Tinto reports $US2.99 billion loss for 2012
3:49AM | Friday, 15 MarchMining giant Rio Tinto has reported a $US2.99 billion loss for 2012, with chief executive Sam Walsh admitting the mining giant has demonstrated “poor judgement” in the past.
THE NEWS WRAP: Cautious consumers the new normal, claims David Jones chief
5:27PM | Thursday, 31 MayCautious consumers who would rather save than spend are the “new normal” for retailers, the CEO of David Jones has warned.
THE NEWS WRAP: David Jones unveils plan to tap in to rising online sales
3:32PM | Wednesday, 21 MarchDavid Jones is to invest $160 million in the next two years in a desperate attempt to turn around its fortunes in the face of rising online sales.
THE NEWS WRAP: Murdoch abandons BSkyB bid
7:34PM | Wednesday, 13 JulyRupert Murdoch has pulled the plug on the attempted takeover of UK broadcaster BSkyB in the wake of the phone hacking scandal that has engulfed his media empire.
Cold snap could heat up retail sales
5:12AM | Thursday, 12 MayRetail experts say start-ups can mimic Myer and David Jones by offering season-specific sales, after both department stores said they’re relying on winter as a platform to pick up sales.
Consumer conservatism is the ‘new black’
2:37AM | Thursday, 24 FebruaryNew consumer research released by the Australian Retailers Association reveals that 50% of consumers are planning to spend less this year and 45% plan to save more.
