THE NEWS WRAP: Aussie retailers brace for job losses

By Oliver Milman
Wednesday, 18 January 2012

China’s economic growth beat expectations in 2011, despite a slowing in GDP towards the end of the year.


According to the National Bureau of Statistic, China’s economy grew by 8.9% in the fourth quarter, bringing annual growth to 9.2%, down from 10.4% in 2010.


Retailers brace for job losses


Australian retailers are bracing themselves for job cuts following a sluggish Christmas sales period, analysts have warned.


Sales growth was flat in November, down from a 0.2% rise in October, pointing to weak Christmas retail activity. There are fears that a number of retailers will follow the likes of Borders and Angus and Robertson into administration in 2012.


Wikipedia plans Sopa shut down


Wikipedia is poised to hold a one day “black out” later today in protest at proposed anti-piracy laws in the US.


The popular user-generated online encyclopedia is shutting down temporarily over the Stop Online Piracy Act (Sopa), which is set to be debated in Congress.




The Dow Jones industrial average was up 64.78 points, or 0.52%, to 12,486.84 overnight. The Australian dollar rose to 104.50 US cents. 



Share This page :

Comments (0)

Subscribe to this comment's feed

Write comment

smaller | bigger

Invalid Input

Follow us

StartupSmart on Twitter StartupSmart on Facebook StartupSmart on LinkedIn

Subscribe to StartupSmart RSS feeds


Sponsored Links

Our Partners

  • Fair Work claims estate agency paid Queensland salesman $100 for five months’ work
  • Property industry looks to the Lodge for firm leadership to strengthen sales activity
  • Lend Lease residential pre-sales up 15% but settlements down in weak market
  • Come-by-Chance NSW farm with racecourse attracts four auction punters, and the neighbours emerge the winners
  • Sir Graham McCamley lists central Queensland station in three portions