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Retail profitability returns to pre-Covid levels

Retail profitability in Australia has bounced back to pre-Covid levels for the first time since the pandemic began, the economic insights report released by the National Retail Association has been revealed. The figures show the sector’s profits have increased by 4.9 percent year on year for

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Australia among top countries hit by ransomware; 70% of attacks target SMEs

Australia is 9th in the world by ransomware attacks, new research by cybersecurity company NordLocker reveals. The new study analyzed numerous databases of ransomware incidents that affected over 5,000 companies worldwide. With a collective revenue of 6.14 trillion AUD, the companies under investigation produce more value than Germany’s entire GDP. The

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Industry-wide bargaining would hurt SME retailers, peak body warns

Proposed industry-wide bargaining would create an “inequitable, unsuitable, and ultimately redundant” bargaining system, according to a retail industry position paper released today. The National Retail Association analysis of the proposed changes says they would create an enterprise bargaining system that was “simply blind to the

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