IKEA, Bunnings, Myer and supermarkets all look to smaller store formats for big growth
Big-box retailers are competing for smaller-format sites. Photo: Brendan Esposito In retail, it seems size does not always matter.IKEA, Woolworths, Coles, David Jones, Myer and even Bunnings are all competing for smaller-format sites as the brands seek to build networks of boutique-sized stores to service the capital cities' time-poor, affluent shoppers.In Sydney, Woolworths is opening its smallest supermarket so far, with the launch of a 310-square-metre sto..>> view originalSurging Australian dollar on RBA's radar, as banks revise forecasts
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Mining stocks were also well supported despite flat to falling commodity prices overnight, as investors rediscovered their appetite for riskier pockets of the sharemarket. Photo: Robert Rough Banks stormed back into favour on Thursday, building momentum throughout the day as investors jumped back in to the heavily sold-off sector.Mining stocks were also well supported despite flat to falling commodity prices overnight, as investors rediscovered their appetit..>> view originalFree range eggs: Ministers sign off on a controversial definition
Video will begin in 5 seconds. 'Free range eggs' definition reached Australia's consumer affairs ministers will adopt a legally binding standard with a definition of what constitutes a free range egg. PT1M27S 620 349 After years of confusion, consumers and farmers have finally received a clear, legal definition of "free range eggs".Australia's consumer affairs ministers will adopt a legally binding standard with a definition that states free range eggs must come from hens that..>> view original'Piecemeal' media reform could lead to less sport on free-to-air TV, Seven warns
Seven West Media chief executive Tim Worner is fearful of media reform trade-offs that could affect the anti-siphoning list. Photo: Daniel Munoz Australia's largest free-to-air television broadcaster told federal politicians that loosening media ownership laws – which could allow rival Network Ten to be bought by Foxtel – could result in fewer sports events on free-to-air TV.Seven West Media chief executive Tim Worner expressed concerns to a Senate committee ..>> view originalTech unicorn Slack moves in on Australia
Slack co-founder Cal Henderson says success has come from embracing failure. Photo: Supplied Slack has opened its Australian office as the internet chat service sets its sights on growing users in the Asia-Pacific region.Slack competes with technology behemoths Google, Microsoft and Australia's own HipChat from Atlassian by using intuitive smart messaging in a bid to "kill emails". Slack wouldn't have existed if we hadn't failed at making the game and trie..>> view originalOrigin inks NSW solar deal
Origin Energy shares have lifted after the company signed its first solar farm deal and reaffirmed cost cutting targets. The troubled energy producer inked a 15 year contract with the new Moree Solar Farm in northern NSW, which will generate enough power to supply 24,000 households. Origin will buy 100 per cent of the output from the farm, which has recently been commissioned by the local unit of Spain's Fotowatio Renewable Ventures (FRV) and is expected to produce 145 GWh of energy a year. "So..>> view originalHow bribe factory Unaoil tried to stop us telling their secrets
Video will begin in 5 seconds. Unaoil: inside the 'bribe factory' Take a look inside Unaoil, the Monaco oil services firm which funneled huge sums of cash to multinational companies and government officials. PT2M10S 620 349 Until the moment Fairfax Media and The Huffington Post hit the publish button at 10pm on Wednesday, AEDT, revealing how the oil industry really works, our investigative team was on tenterhooks.This was more than simple pre-publication nerves, the questions ..>> view originalTony Fung drops Cairns casino, leaving a new Queensland licence up for grabs
There has been speculation in the property market that billionaire Tony Fung (left, with his son Justin) may favour a casino on the Gold Coast rather than in Cairns. Photo: Romy Bullerjahn Hong Kong billionaire Tony Fung has dumped plans to incorporate a casino in his mooted $8 billion Aquis resort in Cairns, paving the way for rival gambling firms to submit proposals to the Queensland government for a new casino development.Aquis was named preferred develope..>> view original
Thursday, March 31, 2016
IKEA, Bunnings, Myer and supermarkets all look to smaller store formats for big growth and other top stories.
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