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06 Feb 12 - Business Consumer Goods And Services News

Retailers face staff cuts
The leakage of sales to online purchases and the trend for consumers to devote a larger share of their spending to services, such as health and recreation, rather than goods have also hurt retailers. However, consumer efforts to cut spending and debts ...

Consumer watchdog puts bite on dud-product replacement policies
THE consumer watchdog has launched a media campaign urging people to be aware of their rights when they have bought a product that is faulty or doesn't perform as described or a service that isn't right. “From Dandenong to Darwin the ACCC is letting ...

Productivity problems? Call IT
In my view many of our chief executives are going down a dangerous path and shareholders in those enterprises are also endangered because, increasingly, Australian companies are providing services and goods that will need to compete internationally.

Doing business in China: know your customers
The country boasts a large middle class - expected to have reached more than 100 million people last year - and increased spending on consumer goods. In 2010, retail sales reached $2.3 trillion US - triple what it was in 2004, according to PwC.

Budget 2012: Cut in interest rates to trigger consumer spending
The introduction of the Direct Tax Code can further stimulate consumer spending. An increase in consumption will, in turn, help companies sell more of their goods and services, re-invest proceeds in expanding their businesses and catalyse economic ...

Story ideas and resources for covering your local economy
The Consumer Price Index: The CPI is a month-by-month data tracking of “changes in the prices paid by urban consumers for a representative basket of goods and services.” Pay attention to the language here. Did you notice the word “urban”?

Economic Recovery- 'Job' Well Done?
Firstly, it is bestowing upon consumers, whose spending makes up two-thirds of economic activity in the US, additional purchasing power to spend on goods and services. This in turn perks up domestic demand and growth. Additionally, the expansion in ...

Exclusive: The New Politics of the New Economy
Look no further than debit and credit cards. The traditional way that consumers purchase goods and services continues to change and the speed of that change is steadily increasing.

Cellphone revolution to change way SA shops
The way we go about making our purchasing decisions will be different and how these goods make it to the store will determine which retailer, ultimately, wins, says Adrian Bertschinger, MD for retail and consumer services at Accenture SA .

E-tag conditions are illegal, unfair
It would be unfair to the consumer to have their accounts suspended or red-flagged without giving them notice and an opportunity to top up the account.

Nielsen 4Q Profit Surges Amid Fewer Charges
The company's core earnings have been on the rise lately with help from growth in its business measuring consumer goods sales. Its media research business has faced tight competition, however, including from set-top boxes that record data on what ...

Leadership Lessons: Inez Moore Tenenbaum, Consumer Product Safety Commission
PwC's Public Sector Practice helps federal agencies solve complex business issues, manage risk and add value through our comprehensive service offerings. Grassley opens investigation into surveillance of emails, including correspondence with his office ...

JWT's top trends for 2012
After consumers acquire money through hard work, inheritance or luck, they have two options: spend their money or save/invest it.

Reviews on Web opinion sites found to boost businesses
Online feedback matters more and more to businesses as consumers increasingly use those comments to choose goods and services. A 2010 study from e-commerce software company ChannelAdvisor found that customer reviews influence more than 80 percent of ...

Retirement Portfolio Diversification: Consumer Services Sector
Its Cable Communications segment provides video, high-speed Internet, and phone services to residential and business customers. As of June 30, 2011, its cable systems served approximately 22.5 million video customers, 17.5 million high-speed Internet ...

Weekly Industry Crib Sheet: US Unemployment Rate Drops to 3-Year Low
By IMT Staff Plus: Factory Orders Rise, Consumer Confidence Dips and North American Robotics Industry Has a Record-Breaking Year.

Consumers must protect their rights: Agarwala
False and misleading advertisements violate several basic rights of the consumers including the right to choose, the right to be protected against unsafe goods and services as well as unfair trade practices. An advertisement is termed deceptive when it ...

Australia retail sales subdued, rate cut looms
STRONG AUSSIE CAPS INFLATION A private gauge of consumer inflation out on Monday showed how the strong Australian dollar drove down the cost of tradable goods and offsetting price pressures in the services sector. The TD Securities-Melbourne Institute ...

Business Sense: Liability a key consideration
According to Dr. Wayne Hayenga, professor emeritus for Texas AgriLife Extension Service, those considerations should be discussed with an insurance agent.

Australia TD Inflation Gauge Slows to 2.2% as Fruit Prices Fall
Consumer prices rose 2.2 percent last month from a year earlier, compared with a 2.4 percent annual advance in December, according to an index compiled by TD Securities Inc. and the Melbourne Institute released in Sydney today.