Lululemon, UNSW and Hoyts

Australian News

• Retailers in Australia anticipate tax and interest rate cuts to boost consumer spending amid forecasted slow growth in sales, the weakest since 2017. LINK

• Competition among Australia's largest banks for new mortgage customers is diminishing, with regional banks expected to face market share declines. LINK

• AU weekend auction clearance rate had its second-best start since 2008, but an influx of listings could temper the market's robust start. LINK

• Deaths in residential aged care in Australia more than doubled in January amid a Covid-19 spike. LINK

• Australian wine exports decline in value and volume as global trends show reduced alcohol consumption, with hopes for a lift on Chinese tariffs. LINK

• Shoplifting in the ACT surpasses pre-pandemic levels, affecting small businesses significantly, with calls for stronger police action and community support. LINK

• An app named 'See Me' is being trialled in Adelaide to assist public transport passengers, especially those who are blind or vision-impaired when signalling bus drivers. LINK

• Australia releases preferred option on pollution rules to boost electric vehicle uptake. LINK

Global News

• Intense forest fires in central Chile claim at least 46 lives and destroy over 1,100 homes, with President Gabriel Boric warning of potential increases in the death toll. LINK

Company News

• US retailers are discounting Nike sneakers significantly more in 2024 compared to two years earlier. LINK

• Lululemon is set to launch its first men’s footwear line, aiming to double its men’s business and reach a revenue goal of US$12.5 billion by 2026. LINK

• DP World agrees to a 23% pay rise over four years for its workers, and is expected to increase the cost of imported goods due to higher handling charges. LINK

• Sara Lee will not be able to repay unsecured creditor debt before entering administration. LINK

• UNSW retains its title as Australia’s most entrepreneurial university, leading in funded founders and start-up companies creation. LINK

• Greenlit Brands, owner of Fantastic Furniture warns of furniture supply constraints and rising freight costs due to industrial action at ports and Red Sea terrorism activity. LINK

• Meta's share price jumped over 20% after announcing the company’s first dividend and reporting 25% revenue growth. LINK

• Cloudflare reports a security breach in an Atlassian server hosted internally in November, attributed to a nation-state attacker. LINK

• Metcash plans to raise $300 million to fund the purchase of Superior Food Group and two hardware sector acquisitions. LINK

• Hoyts' sale process is on hold following a controlling stake acquisition in its parent company by China Ruyi. LINK

Other News

• Taylor Swift’s Eras tour boosts accommodation bookings in Sydney and Melbourne, with hotels nearly sold out on tour dates, surpassing demand seen on New Year’s Eve and the Australian Open. LINK

• Lewis Hamilton announces a move from Mercedes to Ferrari for the 2025 Formula One season. LINK

• A study finds that enforcing minimum office attendance rules leads to lower job satisfaction without significantly improving firm performance. LINK

• The Socceroos exit the Asian Cup after a 2-1 extra-time defeat to South Korea, ending their campaign in dramatic fashion. LINK

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