Tech hit: Booktopia axes up to 40 jobs
The jobs carnage across the tech sector is growing as online retailer Booktopia axes up to 40 jobs in a bid to cut costs. Shares rally.
The jobs carnage across the tech sector is growing as online retailer Booktopia axes up to 40 jobs in a bid to cut costs. Shares rally.
Home borrowers are facing a ‘mortgage cliff’ this year as interest rates rise, but investment bank Citi believes most households will keep on spending at the shops.
Geoff Wilson’s specialist large-cap fund is pivoting towards companies down on their luck, after delivering double-digit dividend growth.
The local sharemarket is expected to open up slightly higher on Monday after a 1 per cent rise on Wall Street and ahead of the release of crucial inflation data.
The Fair Work Ombudsman isn’t happy about the way Super Retail Group calculated and repaid $52.7m in lost wages to its staff and has taken legal action in the Federal Court.
Woolworths will follow Coles and close the majority of its in-store butcheries as shoppers prefer pre-packaged meat, with the loss of hundreds of jobs.
Its shares are down 85 per cent in the past year and City Chic now forecasts another loss during retail’s busiest period.
David Jones’ soon-to-be former owner says the department store chain’s sales were on the rise for the six months to Christmas.
The jewellery retailer is on track to post a strong lift in earnings for the December half and record sales as consumers spent up on rings, necklaces and earrings.
Just weeks after the sale of David Jones to Anchorage Capital, the department store’s former owner Woolworths Holdings has moved its other brands back into stores owned by rival retailer Myer.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/69