Sep 23, 2017 Last Updated 2:27 PM, Sep 22, 2017

New Entry From the Editor :

Rio Tinto commits further $3.15 billion to shareholders in buyback programme

Rio Tinto commits further $3.1…

AusBN - Rio Tinto has announced it will distribute a further AUS$3.15 billi...

BHP surges back to profit thanks to increased prices and improved productivity

BHP surges back to profit than…

AusBN- BHP demonstrated a strong financial performance for the last fiscal ...

Toys R Us to trade as usual in Australia despite filing for bankruptcy

Toys R Us to trade as usual in…

AusBN - Toys R Us has confirmed it will continue to operate as normal in Au...

300 to lose jobs as ABC shuts shops

AusBN – Australian broadcaster ABC has announced that it will be shutting its retail stores due to them no longer being profitable.

Managing director Mark Scott said the company would close 50 stores and 78 ABC centres within other retailer’s stores to stop “inevitable losses” in the future.

The books, DVDs, music and television merchandise sold by the shops will instead be sold online via the website ABC Shop Online.

ABC commercial director Robert Patterson said the decision had not been made lightly, but would create “a more cost-effective, nimble and flexible approach to servicing customers”.

As many as 300 shop staff will lose their jobs, in addition to 400 jobs cut at the broadcaster earlier this year as a result of A$254 million in funding cuts.

@AusBNonline

Surftech announces Aroona as Australian distributor

AusBN – Aroona Pty Ltd has been named as the new Australian distributor of Surftech products.

Surftech manufactures some of the biggest surf brands such as BARK, Channel Islands, Robert August, McTavish and others.

Aroona will focus on not only the distribution of boards but also the tools and services to help the retailer create sales in the Australian market.

Surftech CEO Chris Dunn said: “We are pleased to announce this new partnership with Aroona in Australia and look forward to building a strong presence throughout the region.

“The team at Aroona is truly world class and we look forward to many years together as we continue to build and expand the Surftech product offering internationally.”

Zeb Walsh, who is a Surftech-sponsored athlete, said: “Being able to offer leading brands like NSP and Surftech to the Australian market is amazing, with both brands in full scale development of new products of both surf, stand up paddle boards and prone, it’s an exciting time to be involved with Aroona.” 

@AusBNOnline

Aldi plans huge Australian expansion

AusBN – Aldi Australia has announced plans to expand throughout South and Western Australia.

The A$750 million expansion will see the company open 20 stores in both the regions by 2016.

A new distribution centre is also under construction at Regency Park in Adelaide and completion on the project is scheduled for the end of this year.

The first stores will open in South Australia with stores in Western Australia expected to open from June 2016.

The company is also set to improve its fresh produce category by offering a new distribution network that allows Australian growers to contribute to the store.

@AusBNOnline

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