AGP Executive Report
Last update: 4 hours agoRetail Pressure: Woolworths reported subdued sales growth as inflation, fuel costs and higher interest rates push shoppers towards specials and essentials. Department Store Shake-up: David Jones will close 19 stores by year-end, leaving thousands of workers in uncertainty as receivers restructure the retailer. Dining Deals: Domino’s plans fewer short-term promotions, saying they can disrupt franchise operations and supply chains while delivering only a temporary sales lift. Consumer Finance: Macquarie Bank will pay a $14 million penalty over a confusing savings “welcome rate” promotion. Spending Outlook: Cost pressures are weighing on household confidence, even as forecasts point to record Australian Black Friday spending, with shoppers focused on value.
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