AGP Executive Report
Last update: 7 hours agoBlack Friday: Aussies are expected to spend a record amount, but the consumer watchdog has warned retailers against fake discounts and false urgency. Banks are also flagging scam sites and shonky sellers. Retail: David Jones has posted record sales after entering voluntary administration and updated its refund policy as administrators seek a buyer. Household budgets: Confidence has hit a record low as rate rises and fuel costs squeeze consumers. Wine remains Australia’s most purchased alcohol category, though drinking is moderating, while beer cartons topping $65 are testing the category’s resilience. Food and drink: Bega is investing $150 million in factory upgrades to meet protein demand, while Dairy Farmers is moving into meal replacements. Fuel standards: WA retailer Burk faces court action over alleged claims that regular unleaded was premium petrol.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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