1. Woolworths food and liquor sales were up 4.4% in the first quarter, a little behind Coles with a 5.2% increase.
2. An Indian jeweller has launched the world’s first diamond & gold vending machine.
3. Harvey Norman blame “intense competition” and a high A$ on their 3.8% sales drop in the September quarter.
4. Australian Retailers Association welcomes RBA decision to cut interest rates.
5. Major Group Buying sites have signed up to a code of conduct to protect consumer interests.
6. Melbourne based men’s fashion designer Declic opens its first store in Sydney.
8. Woolworths announce strategic review of its poorly performing Dick Smith division.
9. Sony heads for a A$1billion loss on its global operations in the current year.