How To Shop Safely Online During Click Frenzy
One of the principle weapons used by online thieves is some sort of major event. It's why you see phishing attacks and malware distribution rings use events such as royal weddings, celebrity scandals and paparazzi photos as a tools for spreading malware. And online shopping events, like Click Frenzy, are also a prime tool used to part us from our hard-earned cash. How To Get A Home Loan With 5% Deposit Find out more on Finder Ad Finder.com.au Most of the same rules that apply whenever you shop online apply during Click Frenzy and other sales.
The Reject Shop will part ways with its chief executive Ross Sudano and has revealed it is heading for a full-year loss, as sales evaporate and it cuts prices amid fierce competition from supermarkets and department stores.
The discount retail chain on Thursday said it now expected to run at a loss of $1 million to $2 million this year - a downgrade from earlier guidance for a profit of $3 million to $4 million.
Reject Shop shares fell 7.5 per cent on the news to $2.10 - well below highs of $6.75 it was trading at 12 months ago, and the $2.70 offered in a takeover bid.
'Fat-shamed' or fair enough? Obese passenger accuses Qantas of 'belittling' him after a flight attendant told him he had to move from his seat next to the emergency exit
A Qantas passenger claims he was fat shamed by airline staff, who said he was too large to sit in the exit row seat he had purchased and should have bought two seats. How To Get A Home Loan With 5% Deposit Find out more on Finder Ad Finder.com.au Darren Beales told The Geelong Advocate he was asked to move from his pre-booked exit row seat in front of other passengers on Friday due to airline regulations, which say anyone requiring an extended seat belt cannot sit in an exit row.
Low consumer confidence, flat wages and the falling housing market had hurt sales, which have fallen 2.7 per cent in the year to date on a same-store basis, the company said.
Profitability was also hurt by major supermarkets and department store competitors cutting prices in some of its key product categories, forcing it to also cut prices.
"This is an extremely disappointing result for our shareholders," said chairman Bill Stevens.
“While a range of new initiatives had been identified to address declining sales in the second half, they have not been landed successfully."
The Reject Shop made a $10.6 million profit in the first half of the year, suggesting it is on track to lose up to $12 million in the current half.
Great White bites fishermen's boat off South Australian
A group of fishermen have captured incredible pictures of a Great White Shark off the coast of South Australia. The men had laid anchor off the coast of Cape Elizabeth Point on the Yorke Peninsula on Tuesday when the curious shark approached their boat. As the brute closed in on the vessel one of the fisherman, Arron Piekarski, grabbed his Go Pro and hit record. “It’s coming up the back,” one of the fishermen can be heard saying in video posted online as the shark’s fin comes into view.
Mr Stevens said the company's board had decided Mr Sudano should leave the business in the "near term", and make way for a CEO who could " bring renewed energy and vigour to the role".
Raphael Geminder, the Melbourne-based billionaire founder of the Pact Group, launched a $78 million takeover bid for the company late last year.
That bid ultimately failed, but Mr Geminder did secure a 19 per cent stake in the company.
On Thursday Zac Midalia was appointed to the company's board as Mr Geminder's representative to its board, along with Breville Group chairman Steven Fisher as an independent director.
The Reject Shop's general manager of supply chain, strategy and innovation, Dani Aquilina, has been appointed as the company's acting CEO while a permanent replacement is found.
"One of the key priorities for the new leadership of the business is to generate sales growth and develop strategies to respond to the challenging retail environment," Mr Stevens said.
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