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Retail spending down in March - Newsreel

Cash-starved consumers cutting back on spending

Retail spending had one of its weakest growth periods on record at the start of 2024 as cash-strapped households further tightened their belts. Spending on clothing,

Small sweetener in long black days of budget woes

Restaurants and cafes are bearing the brunt of Australians’ cost-cutting measures, but overall cost-of-living concerns are easing. New NAB consumer sentiment data

World-first coffee research leaves vibrant aftertaste

Coffee aficionados rejoice! We are entering a new phase of deep coffee appreciation. New research has mapped a new language to identify the finer taste points of a

Supermarket trolley full of vegetables. | Newsreel

Report urges million-dollar fines for errant supermarkets

Major supermarkets face multi-million-dollar fines under recommendations in the Food and Grocery Code of Conduct Review interim report. The inquiry, led by former

Florist wilts under $1m fine for misleading star ratings

An online florist and gift retailer has been pricked with a $1 million fine for publishing misleading star ratings on its website. The Federal Court ordered Bloomex to

Online spending dips as shoppers look to do more with less

More Australians are buying online, but overall spend has dropped with younger generations tightening their belts. Australia Post’s 2024 Inside Australian Online

Business red tape targeted as tariffs face axe

Almost 500 tariffs will be abolished from July 1, saving Australian businesses an estimated $30m annually in compliance costs. The move will eliminate 14% of all

Consumers put Bunnings back on top of trust table

Bunnings has regained its crown as Australia’s most trusted brand. In Roy Morgan’s annual survey, Bunnings pipped Woolworths in the 2023 rankings, breaking the

Committee probes grocery prices and farm-gate deals

Queensland’s first Supermarket Pricing Select Committee will probe continuing high grocery prices and the relationship between primary producers and supermarket

Businesses raided in point-of-sale tax fraud crackdown

The Australian Taxation Office has raided a number of businesses suspected of using electronic sales suppression tools (ESSTs) to avoid paying tax. ESSTs or software

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