The demise of Australian fashion retailer Mosaic Brands may have been because its various brands were targeting the same customers, a retail expert says. Mosaic announced on Monday that its Rockmans, Crossroads, Autograph, W. Lane and BeMe brands were marked for the chopping block and that all stores and websites would be shut down. Rockmans, … Read more
The Albanese Government will give the consumer watchdog an additional $30 million to crack down on misleading and deceptive pricing practices and unconscionable conduct in the supermarket and retail sector. The funding will help the Australian Competition and Consumer Commission (ACCC) conduct more investigations, enforcement, and monitoring. This latest push by the federal government follows … Read more
An investigation into 7-Eleven’s use of facial recognition technology (FRT) has now been closed by the Office of the Australian Information Commissioner (OAIC). The global convenience store chain — with over 700 stores in Australia — promised it would not repeat its 2021 breaches of the Privacy Act, which captured 1.6 million faces on tablets … Read more
Under Chinese law, only 10 percent of a company’s staff is supposed to be made up of labor dispatch workers. But Zhang says the regulations are often not rigorously enforced. She noted that companies can also circumvent the limit by hiring workers categorized under different outsourcing schemes that function in largely the same way, a … Read more
A disgruntled shopper has erupted at the Woolworths CEO over claims the supermarket giant was profiting off Australians doing it tough during a cost-of-living crisis. Chief executive Amanda Bardwell was on a routine visit at the Warrawong store, in the southern suburbs of Wollongong, NSW, when she was approached by local Megan Guy. WATCH THE … Read more
Tupperware, known the world over for its plastic food storage containers, has filed for bankruptcy after years of falling popularity and financial troubles. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, president and CEO of Tupperware Brands Corporation, said on Tuesday. Chapter … Read more
Australian fashion label Sass & Bide is set to shut 10 stores across the country, with multiple jobs to be cut. From October 6, the designer brand will continue to operate at just two standalone locations in Queensland, one in Victoria and another in Western Australia. Stores will close at Bondi, Miranda, Chadstone and Paddington … Read more
Brokerage Bernstein has initiated coverage on seven retail and restaurant companies — Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has ‘outperform’ rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and ‘underweight’ on Aditya Birla and Westlife World. Bernstein said that as … Read more
New Delhi: India’s July retail inflation slowed to 3.54%, its lowest in nearly five years, on the back of a sharp decline in food inflation, data released Monday showed. Economists struck a note of caution, pointing out that the drop was largely due to the base effect of high inflation last year and that it … Read more
Amazon failed to adequately alert more than 300,000 customers to serious risks—including death and electrocution—that US Consumer Product Safety Commission (CPSC) testing found with more than 400,000 products that third parties sold on its platform. The CPSC unanimously voted to hold Amazon legally responsible for third-party sellers’ defective products. Now, Amazon must make a CPSC-approved … Read more
