Electronics retailer Dick Smith could wind up significantly cutting underperforming sites among 66 New Zealand stores in Australia and New Zealand, according to an analyst.
The bank fee class action lawsuit filed by Australians has expanded with the complainants now questioning $216 million exception fees collected by the lenders.
Australian manufacturers have been experiencing growth over the past two months but analysts said the jumps were too minimal and barely out of the contraction level.
Coles' latest ploy of imposing steep discounts on fresh produce being sold on its numerous stores could backfire and drive many Australian farmers out of business.
The worsening unemployment forecast feared in Australia as a result of another round of global crisis appears to be unfolding as early as the second month of 2012.