Business News Australia reports on business news, trends, and profiles for Adelaide business owners, executives and entrepreneurs.

NEW LOOK ADELAIDE MALL ATTRACTS NATIONAL PLAYERS

NEW LOOK ADELAIDE MALL ATTRACTS NATIONAL PLAYERS

A NEW look Citi Centre Arcade in Adelaide has snared a number of high profile lease deals, including McDonald's and Westpac. The facelift features a glass entrance to the arcade's Rundle Mall entry, a canopy upgrade and new public facilities. Two tenancies have been combined to create a new 177sqm site which has been leased to...

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JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Guys. The takeover brings together two of Australia's largest electronics retailers and accelerates JB Hi-Fi's move into the whitegoods market. Announced in September, the deal will see JB Hi-Fi's network increas...

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ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in misleading or deceptive conduct between the dates of November 2014 and October 2015.

The Australian Competition and Consumer Commission (ACCC) will tell the Federal Court that Meriton attempted to rig the feedback on its Trip Adv...

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SURVEY PREDICTS THE BULK OF SANTA'S BILLIONS FOR KIDS

SURVEY PREDICTS THE BULK OF SANTA'S BILLIONS FOR KIDS

AUSTRALIA is set to splurge more than $48 billion in retail stores this Christmas, with electronic product makers and big name brands expected to pocket the lion's share when it comes to gifts for children. According to the Roy Morgan's Young Australian Survey, kids are chasing nothing but the best in 2016, with products from...

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ACCC FIRES WARNING SHOT TO IVF PROVIDERS

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC) over widespread misleading advertising techniques. In general, the ACCC expressed concern over the use of technical medical terms in advertising which can confuse the ordinary person, as well as selective reporting of birth ...

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BIG W CEO QUITS AFTER 11 MONTHS

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount chain store owned by Woolworths Group. David Walker, who previously led the now dismantled Woolworths' home improvement businesses, will replace McDonald in the interim. McDonald first joined BIG W in January this year...

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CHINA RELEASES ONE DETAINED CROWN CASINO EMPLOYEE

CHINA RELEASES ONE DETAINED CROWN CASINO EMPLOYEE

ONE of the 18 Crown Resorts (ASX: CWN) employees detained in China over suspected gambling related crimes has been released on bail, the company has confirmed. Crown did not identify the employee, but The Australian newspaper reported that Jenny Jiang, a Chinese national who worked as an executive assistant for the company, was released o...

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RESTAURATEURS TO FEAST ON CHRISTMAS SPENDING SPLURGE

RESTAURATEURS TO FEAST ON CHRISTMAS SPENDING SPLURGE

RETAILERS are expecting Christmas sales to rise to $48.1 billion this year, a 2.3 per cent increase on 2015, according to the Australian Retailers Association (ARA) and Roy Morgan Research. ARA executive director, Russell Zimmerman, says sales have been trending upwards, which gives retailers confidence that there will be robust sales over t...

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MARKET FINDS POSITIVES IN TRUMP ELECTION

MARKET FINDS POSITIVES IN TRUMP ELECTION

THE ASX has had its best day in five years in the wake of Donald Trump's election as the United States President.

Investors are seeing the positives of Trump's planned tax cuts, infrastructure spending, cuts to green energy subsidies, and his plan for tariffs on Chinese goods and more aggressive approach to international trade.

Min...

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MILLENNIAL STEREOTYPES SMASHED IN NEW REPORT

MILLENNIAL STEREOTYPES SMASHED IN NEW REPORT

MEET the millennials: they can't hold down a job, flee from financial responsibility and choose fun over stability - or so the world would have you believe. But a new report by CBRE reveals the stereotype may be a far cry from reality, with results showing the generation shares the same long-term lifestyle priorities as its older counterpart...

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DICK SMITH WARNS OF ALDI DANGER

DICK SMITH WARNS OF ALDI DANGER

DICK Smith has warned that ALDI will send either Coles or Woolworths out of business unless the two Australian companies undergo a radical overhaul and reduce local staff.

The day after Woolworths announced it would not renew its contrct with SPC Ardmona to supply private-label tinned tomatoes, Smith (pictured) launched his tirade.

"D...

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BUSINESSES URGED TO TAKE ASIA OPPORTUNITY

BUSINESSES URGED TO TAKE ASIA OPPORTUNITY

AUSTRALIAN businesses could gain $138 billion in revenue by acting on expansion plans into Asia, says the latest ANZ Opportunity Asia report.

The report, based on a survey of 1,000 Australian businesses, shows that those who acted on expansion plans into Asia found it easier than expected, and reaped increased revenue.

ANZ group executive,...

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COMPETITION DRIVES LOWER PRICES IN SHIPPING

COMPETITION DRIVES LOWER PRICES IN SHIPPING

STEVEDORING prices in Australia have dropped to their lowest level in 17 years, according to the Australia Competition and Consumer Commission's (ACCC) 2015-16 Container Stevedoring Monitoring Report.

A period of increased competition and investment infrastructure has resulted the lowest prices since monitoring commenced in 1998-99, says ...

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THE GREATEST CHALLENGES FACING BUSINESS AND HOW TO SOLVE THEM

THE GREATEST CHALLENGES FACING BUSINESS AND HOW TO SOLVE THEM

THE business environment in which we operate is dynamic; with the only constant being change. Adapting to this change is critical if businesses are to remain successful in this highly competitive environment. With this in mind, I will share some of the key challenges that businesses of all sizes are facing.

These are all challenges that ...

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NEW TERRYWHITE CHEMMART BRAND ROLLS OUT

NEW TERRYWHITE CHEMMART BRAND ROLLS OUT

TERRY White and Chemmart will covert the 500-store network of the merged group to the new brand TerryWhite Chemmart.

The first rebranded store has opened at Glenferrie Road, Hawthorn; it is expected to take until the end of 2017 to convert the entire chain.

Terry White CEO, Anthony White, says, "Both brands have a strong heritage and ...

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YOUTH DISSATISFIED WITH SERVICE, INTERNET TO BLAME

YOUTH DISSATISFIED WITH SERVICE, INTERNET TO BLAME

A NEW study has found that many younger Australians are unhappy with the state of modern customer service, with researchers arguing that internet is the cause. The Customer Service Institute of Australia (CSIA) reveals that young childless couples have the highest levels of dissatisfaction when it comes to the customer service they receiv...

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HOW THE 'MAGNIFICENT SEVEN' CAN INCREASE YOUR PRODUCTIVITY

HOW THE 'MAGNIFICENT SEVEN' CAN INCREASE YOUR PRODUCTIVITY

WHEN reviewing the financial performance of a business, the primary measure I look at is return on capital employed (ROCE) - not only a measure of the profitability of a business but also the efficiency with which its capital is employed.

In Laymen's terms, ROCE works out how much bang for your buck you're getting out of the time...

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AUSTRALIANS TURN TO CARAVAN HOLIDAYS

AUSTRALIANS TURN TO CARAVAN HOLIDAYS

CARAVAN registrations have grown 30 per cent nationally in five years, says the Caravan Industry Association of Australia. In its latest BDO Caravan and Camping Data Report, the association discovered that campervan registrations increased 20 per cent in the same period. Combined registrations of caravan and campervans peaked at a rec...

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NEW OFFICE SPACE LEASES RISE 21 PER CENT

NEW OFFICE SPACE LEASES RISE 21 PER CENT

STRONG small business activity has driven a 21 per cent increase in the amount of office space leased across major Australian markets, according to Colliers International's latest Office Demand Index. The reports shows that a total of 448,163sqm of office space was leased nationally as of September YTD 2016, with 85 per cent of t...

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SIX ESSENTIALS FOR CASH FLOW MANAGEMENT

SIX ESSENTIALS FOR CASH FLOW MANAGEMENT

MONITORING cash flow should be your number one priority if you are a business owner; after all, cash is king. Part of this process is having careful control of debtors, for anyone that has experienced times of tight monetary control you know how critical this is in tough times.

Outlined below are key points on how to ensure your cash flo...

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SME CONFIDENCE DROPS, BUT STILL HIGHER THAN LAST YEAR

SME CONFIDENCE DROPS, BUT STILL HIGHER THAN LAST YEAR

CONFIDENCE among small and medium businesses dropped this quarter, rebalancing from a five year high last quarter to register a net balance score of +38 (previously +44) according to the latest Sensis Business Index (SBI) survey.

The Index, which reflects the views of 1,000 small and medium businesses from across Australia, revealed three tim...

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AUSTRALIA'S NEXT GOLD RUSH: INTELLECTUAL PROPERTY

AUSTRALIA'S NEXT GOLD RUSH: INTELLECTUAL PROPERTY

INTELLECTUAL property expert David Martin sees a new gold rush coming in Australia, but it has nothing to do with mining.

There are 88 million patents registered in the G20 nations - the major proportion of the world's pool of innovation - but international companies are rarely filing for protection in the Australian market, and that...

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THE NEW AGE OF WORK CHRISTMAS PARTIES

THE NEW AGE OF WORK CHRISTMAS PARTIES

As the traditional workplace has changed so too has any notion of a traditional work Christmas party.

Companies are looking for fun experiences, events that acknowledge the contribution of families and events that give to a cause.

As a result, Corporate Challenge Events has seen inquiries for its events such as Hunt for Santa's ...

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PRIMARY OPINION ROLLS OUT MAGGIE BEER PLANS

PRIMARY OPINION ROLLS OUT MAGGIE BEER PLANS

PRIMARY Opinion (ASX:POP) has cooked up plans to expand the Maggie Beer Products line. The Melbourne-based technology company acquired a 48 per cent stake in the celebrity chef's food range for $15 million in July. Beer (pictured) and her husband Colin run the company in Barossa Valley, with a range of oils, sauces, ice cream and ...

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PROSPECT ROAD LIVES UP TO ITS NAME IN ADELAIDE MARKET

PROSPECT ROAD LIVES UP TO ITS NAME IN ADELAIDE MARKET

PROSPECT Road is becoming a boon for Adelaide's commercial market, with buyers flocking to the area. Strong buyer demand has fuelled a number of transactions in the area, including the sale of an 836sqm commercial property at 113 Prospect Road for $1.7 million. A private developer scooped the single-level building at auction, whic...

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CONSUMERS MAINTAIN CONFIDENCE DESPITE SHOCKS

CONSUMERS MAINTAIN CONFIDENCE DESPITE SHOCKS

CONSUMER sentiment in Australia has held strong despite shocks that typically dent the appetite for spending, such as the Federal election, a reduction in interest rates and the UK's decision to leave the European Union.

That's according to the latest Westpac Melbourne Institute Index of Consumer Sentiment, which shows a 0.3 per cent ...

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TINY TECH PROMISES MASSIVE DISRUPTION

TINY TECH PROMISES MASSIVE DISRUPTION

AN ISRAELI company listed on the ASX could be the next to revolutionise the multi-billion-dollar computer memory market, following forecasts of a dated technology phase-out. Weebit Nano Ltd (ASX: WBT) has announced its partnership with French tech company Leti to work on its new resistive random-access memory (ReRAM) chip, a device which ...

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SPIKE IN JOB ADS SUGGESTS MARKET ON THE MEND

SPIKE IN JOB ADS SUGGESTS MARKET ON THE MEND

FOLLOWING a rocky end to the financial year, the employment market has once again a boost as ANZ economists reveal a jump in the number of job listings posted nationally in August. Job advertisements bounced a solid 1.8 per cent to more than 160,000, despite a steep drop recorded for the previous month of July. While this slump may ha...

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AUSTRALIA, TIME TO GET REAL ABOUT TOUGH TIMES

AUSTRALIA, TIME TO GET REAL ABOUT TOUGH TIMES

THE European banking crisis remains a ticking time bomb and Australians need a reality check if they are to cope with another global financial crisis, according to former Commonwealth Bank CEO David Murray (pictured). The seasoned corporate executive, who chaired the federal government's inquiry into the banking system in 2014, has al...

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TOURISTS CASHED UP AND HEADING FOR AUSTRALIA

TOURISTS CASHED UP AND HEADING FOR AUSTRALIA

INTERNATIONAL tourists flocked to Australia in FY16 with the tourism industry growing three times faster than the broader economy. Figures from Tourism Research Australia show there was a record 7.2 million international visitors in the 12 months to June 30, up 10 per cent on the previous year. The level of spending grew at a faster r...

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