With end-of-year sales “marathon” starting earlier and earlier in November,Australian retailers are rewriting their battle plans.
The Australian sharemarket finished lower on Friday,with every sector bar utilities retreating after the huge rally in US stocks lost momentum overnight.
The Australian retailer and its Chinese rival are at loggerheads.
The independent grocery chain’s operator Metcash says customers shopping around for value were happy to look beyond the two major players - Woolworths and Coles - for everyday items.
The veteran retailer has slammed Australia’s legal system,and said people won’t stop shopping at Harvey Norman as it fights allegations of misleading customers.
The bubble tea chain and its managing director Chen “Charlley” Zhao have been penalised for ripping off 152 workers in 2016.
Paypal,Flybuys and Afterpay say more people are using financial products and rewards programs as households battle cost-of-living pressures.
ACCC counsel assisting Naomi Sharp,SC,had plenty of questions in the supermarket inquiry hearings,but supermarket executives skirted around the answers at times.
Savvy shoppers are waiting for good deals before they spend,making it tougher for retailers to opt out of the big sale. But if done right,it can be lucrative.
The retailer says its use of the technology appropriately balanced privacy with the need to protect staff against violent and organised crime.
Former Woolworths executives including Brad Banducci returned to face questions from the competition watchdog about competition and pricing.