Telstra subsidiary Sensis has launched a new Australian online auction site aimed squarely at eBay, amid the furore over eBay Australia's controversial new insistence that most future payments can be made only by eBay's PayPal system.
A leading fund manager has said that Woolworths should ditch its struggling Masters and Big W brands, the recommendation comes as at least two funds approach Woolworth's management about the acquisition of the Big W department stores.
The Five Star Chinese retail chain that was 75% owned by giant US consumer electronics retailer Best Buy, has put in a none binding bid to buy Australian retailer Dick Smith, the offer is believed to have been accepted by the receiver Ferrier Hodgson, who is waiting on acceptance by the banks who placed the mass retailer into administration.
Traditional big retailers will have to overcome their inability to get to grips with the Internet to better compete and help them grow to be a top-10 shopping site within five years. So says Myer boss Bernie Brookes.
Following last year's Online Retailer Expo and Conference, it was officially announced that the event will be held at the Sydney Convention and Exhibition Centre over four days, from 6-9 July this year.