Billabong Records
First Profit In 4 Years – Surfwear brand, Billabong, has recorded its first
full year profit in 4 years with a $4.2m profit to 30th June 2015
following a disastrous $230m+ loss last year. Billabong credit growth in US and
European sales for the improvement.
PayPal Introduces
Convenient One-Touch Payments to Australia. The traditional PayPal log-in
process can now be replaced with a one-touch payment system as PayPal ups the
convenience factor for its retailers. A number of traders at QVM are already
using the PayPal system as their preferred merchant facility.
Woolworths New Chairman - Woolworths has reacted to a 12.5% profit slump by appointing former David Jones, and current Origin Chairman, Gordon Cairns, to the role of Chairman.